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| Financials |
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| Asking price: | £1,250,000 | | Sales revenue: | £1,563,000 |
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| Business description |
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Privately owned Courier Services Co. Transporting goods throughout the UK and Europe
This is a well established privately owned courier company who specialise in emergency freight transportation of goods throughout the UK and Europe. They were recently one of the top 100 companies in “Who’s who”. Their experience in the courier industry allows them to meet and exceed demands that are normally impossible to fulfill. The company are part of an international partners scheme with the benefit to tap into a wide freight distribution network allowing speedy delivery throughout the UK and Europe. They are members of “Courier Exchange” which helps to fill their vans on the return journey and allows them to be a competitive player in the freight industry. They are also members of the Road Hauliers Association.
Their core business is with multi national manufacturers and orginisations in industries which include automotive, aviation and textiles. These are regular repeat clients with no single customer accounting for more than 20% of the annual turnover. The company has a database of hundreds of clients.
The leasehold distribution hub is close by to the main midlands motorway network with ease of access to all parts of the country. They are also close by to three international airports for air charter freight. The site has 24 hour security with warehouse facilities for storage and their fleet of vehicles all operate Navman consignment tracking systems.
This is a mature business with an enviable repeat customer base. It is profitable with no bad debts and runs smoothly with an experienced team of management and staff. There are opportunities to grow the services that the business offers and with new owners bringing energy and new ideas the company can grow from strength to strength.
Equipment:
There are nine owned vehicles included in the sale of the business. They are circa 85% owned by the company and circa 15% still on finance. All vehicles are full liveried in the company colours.
• 6 x Mercedes Sprinter vans
• 2 x Renault Vans
• Ford Mondeo
Plus all other fixture fitting and racking within the business.
Customer Service:
The team of management and staff have over 30 years of experience within the specialised sector of emergency freight transport. Their knowledge of road and air charter freight allows them on a consistent basis to achieve and exceed deliveries which very few companies can compete with. They are open for business 24/7, every day of the year meeting their clients demanding schedules. Each of their vehicles operates Navman tracking systems for the individual consignments allowing the client the knowledge at any time of the progress of their goods.
At their distribution hub there is a large warehouse with 24 hour on site security with surveillance cameras for clients can store goods if required before their delivery.
Key Strengths:
The company has an excellent central location for a UK distribution hub. It is close by to major motorway links and to three international airports. They have a fleet of fourteen modern vehicles all operated by a team of experienced drivers.
This is a privately owned company with the benefits of operating with low overheads. Being a partner in Courier Exchange helps to fill the vans on the return journey and enables the company to be competitive.
The company has an excellent database of regular repeat customers with major automotive manufacturers and aviation manufacturers included amongst them. Success is due to the professionalism of the service that is offered, delivering on time to the demanding requirements of their clients.
The company runs an effective and successful pay incentive for their drivers, which helps to get the jobs delivered speedily and accurately. Drivers are paid on the individual trip which encourages them to complete the job as quickly and as economically as possible.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover is circa £1,563,000 with Gross Profits of circa £456,000 |
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| General information |
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| Years established: | 1999 | | Employees: | The owner and his wife look after the running and administration of the company together with a General manager/ transport manager looking after the drivers and the running of the yard. There are 12 drivers within the business plus an office clerk |
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| Property |
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| Leasehold | | Lease terms: Rent, rates and water charges are circa £30,000 per annum |
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| Location |
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| The leasehold premises are situated in a central location in Derbyshire close by to major motorway links. There is a circa 4,000 square foot warehouse with a workshop, a fully racked storage area, disabled toilet and canteen plus two transport offices. There is a mezzanine floor in the warehouse which is used for storage. Outside in the yard there is ample parking for all of the vehicles. Rent, rates and water charges are circa £30,000 per annum |
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| Expansion potential |
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| This is an excellent opportunity to purchase a well- structured company generating profits with first class growth potential. They maintain an extensive base of satisfied customers yet the owner suggests that with new ideas and energy the company has the potential to grow significantly.
The company is ideally positioned to increase its freight forwarding but there is no dedicated person in house to handle this. There is also the storage facility in the warehouse which has never been promoted to clients with many not knowing that it exists. This is down to simple communication between the company and its clients. The owner believes that running a simple sales drive to promote themselves and their list of services would increase business immediately. |
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| Competition / Market |
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| The company benefits tremendously from word of mouth recommendations and also from being members of the Courier Exchange. They also have a fully active website. |
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| Support & training |
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| The owner will help as much as possible to ensure a smooth takeover of the business. |
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| Reasons for selling |
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| The owner has built the business up over the past ten years and would now like to pursue other business interests. |
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