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Residential and Commercial Removal Company

Ref. GI151

Location : South East London/Kent

Asking Price : £1,000,000

Turnover : £1,250,024

Net Profit : £144,709

Gross Profit : £788,934

EBITDA : £242,793

Net Asset : £190,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

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Leasehold

Asking price includes:

Turnover c£1,250,024
Gross Profit c£788,934
Net Profit c£144,709
Net Asset Value c£190,000
EBITDA c£242,793 (before Directors’ drawings)

Successfully trading since 1970
Highly Accredited
Customer base
Reputation
Outstanding customer service
Highly trained and knowledgeable employees
Goodwill

Business Profile

Purchased by the vendors in 1970, this business is one of the largest family run house moving companies in the South East. With a network of 100+ estate agents who recommend their services to clients. The business offers house removals, relocation and storage services to both homeowners and businesses. Their services include house removals in the UK and worldwide removal with expert advice on packing, shipping and storage.

The business is highly profitable and has established itself as a leading company in this sector. The business has an excellent reputation and is well known for providing first class customer service to its clients. The business enjoys very high levels of referrals and repeat business, and has received many outstanding reviews and testimonals from past clients. The client base is built up of 85% residential customers and 15% commercial clients.

The vendor works within the business on a day to day basis and has a great team of employees which include 1 manager, 1 transport foreman, 1 secretary, 2 sales representatives and 16 operatives. The staff are fully conversant with the business’ techniques and are highly experienced, they are a real asset of the business.

The business is accredited and is a member of the British Association of Removers (BAR), FEDEMAC as well as the Road Haulage Association.

The business offers the following services:

• House Movers
• Domestic Moves
• Storage Facilities
• International Relocations
• Antiques Removals
• Large Items Removals
• Part Loads
• Packing Materials
• After Move Cleaning Services

The premises are leased and consist of a large yard for lorries plus c2,000 sq. ft. of offices and warehouse. Current Annual rent is £29,985 inclusive of rates.

The business hours are:

Monday – Saturday: 08:00-19:00

Key Strengths:

The business has many strengths including:

• Excellent client base
• Well established reputation
• Outstanding customer service
• Repeat business levels and referrals
• Highly reliable and trained employees
• Profitability
• Excellent profit margins

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 c£1,250,024
Gross Profit c£788,934
Net Profit c£144,709
Net Asset Value c£190,000
EBITDA c£242,793 (before Directors’ drawings)

Asking Price:

The Asking Price of £1,000,000 is for 100% of the issued capital of the company, assuming Net Assets on completion of £190,000 (calculated on a zero cash-zero debt basis).

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

This is a genuine retirement sale.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler (e-mail:sales@turnerbutler.co.uk), telephone Head Office: 01895 256000.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk