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Sat, Apr 04 2020 04:01:21 AM  |  /

Transport & Storage Company

Business Id:000409     |    Reference: GP102
Leasehold Price:
£325,000.00
Business Description

Transport & Storage Company
Ref. GP102
Location : South Coast Port
Asking Price : £325,000

The company operate a variety of vehicles and have the opportunity to expand into artic’s if desired as their customers frequently ask them to take on even more work. Indeed they are constantly turning business away due to having reached the level the owner wishes so there is great scope for growth.

This company has a high level of on-going business with long-term customers, growing with them and increasing capacity to match their requirements. The success of the business relates to its commitment to delivering an excellent service. The company has built its reputation by specialising in time sensitive deliveries, punctuality and managing client expectations, which have been crucial to its success.

 
Business Information
Turnover:£600,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Miscellaneous businesses, Airport Transfer Businesses, Removals/Storage
Statistic Information
Total Views:
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Total Enquiries:
Last Viewed:
Last Updated:
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Business Profile
Equipment: The company operates an 18 ton, 3 7.5 ton, 1 luton van, 3 long wheel base vans and 2 fork lift trucks.
Key strengths: The key strength of this business is that work is always available ensuring significant annual turnover. The transport industry is vital for the economy of the country as a whole and this company operates from extensive secure premises in a strategic location, employing excellent staff. The company receives consistent and regular work and has been on form financially over many years, well positioned for strong future growth.
Key Opportunities: The business offers scope for development in many areas. Initially a new owner could consider extending the fleet of vehicles operated, especially in the form of artic’s and expanding on the company’s reputation and more aggressive promotion through the Internet.
Financial performance: 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 £600,000 generating an EBITDA of circa £94,000. Net Assets at completion are expected to be c£136,000 assuming no cash and no debt. There will be a £ for £ adjustment to the final sale price to reflect any movement away from this figure of £136,000.
Asking Price: £325,000
Advertising and Marketing: Most of the company’s referrals are a result of word of mouth recommendation, bearing strong testimony to the excellent reputation it has achieved and the quality and unsurpassed service.
Growth and Expansion: The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. They are currently turning away business and are frequently asked by existing customers to take on a greater share of their business but have no real desire at this point in time to increase the business to maximum potential.
Premises: The business operates from two locations one of which is situated in extremely secure location prviding warehousing and parking etc. with extremely low operating costs of £19,000 per annum rent and rates with part of the premises sub let at £9,500 per annum, which is on a 5 year renewable lease with 1 year to run. The other premises is a storage and warehouse location also at good terms and reasonable secure.
Business Hours: Office hours are currently 8.00 to 5.00
Employees: The business currently employs seven full time drivers and one part time driver. The owner completes all the office functions.
Support and Training: Full support and training will be provided to the successful purchaser if required.

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