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Nationwide Same Day Courier & Light Haulage Contractor Up to 3.5 Tonne

Ref. GP222

Location : North Yorkshire

Asking Price : £215,000

Turnover : £425,000

Net Profit : Undeclared

Gross Profit : £129,000

EBITDA : £80,000

Net Asset : £11,000

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Leasehold/Relocatable

Asking price includes:

Turnover for last financial year circa £425,000p.a.
Gross Profits circa £129,000 p.a.
Typical Adjusted EBITDA £80,000 
Net Assets circa £11,000
Run under management
Prestigious blue chip customers
Flexible leasehold facility
Fleet of high quality fully liveried company vehicles
Ideally located for access to the local, regional and national road network
Experienced, competent and professional staff
24 hours-7 days a week unique specialist service
High volume of repeat business

Business Profile

This business is an established, experienced Same Day Courier and specialist light haulage/logistics business (up to 3.5 Tonne), which prides itself on providing a highly personable service to clients who require exacting levels of performance on a nationwide scale.

Offering a reliable and trustworthy service this business delivers on a consistent basis. Drivers are smart and polite and wear company uniforms so they are instantly recognisable to customers.

Whether the item is specialist, confidential or it just needs to get there fast, this business has the capability and knowledge to deliver throughout the UK. Services include:

• 24/7 Courier Services
• Same day light haulage services
• Pallets (up to 4)
• Documents
• Multi drop/collection services
• Storage
• Fully insured
• Up to 3.5 Tonne

The business can also provide additional storage services to customers as well as overnight pallet deliveries. It has a diverse range of customers operating in different sectors including the health sector, engineering, food industry, aggregates, legal and packaging.

Equipment:

The business has a high quality fleet of sprinter vehicles (typically Mercedes and VW Crafter 4.2 Meter panel vans) that are fitted with the latest real time tracker units which provide customers with up to date delivery times. All company vehicles are sign written and in excellent condition. The vendor hires the vehicles and the comprehensive hire agreement covers all repairs, servicing, breakdown and replacement vehicles which ensures the company can operate day in day out. Vehicles are replaced on a regular basis once a certain mileage threshold is reached.

Customer service:

The company has a very personal, yet professional approach to business and this has helped build sterling relationships with its customers and network partners. Staff are very knowledgeable and carry out their duties as per set procedures which ensure high levels of client satisfaction.

The company are members of The Courier Exchange and pride themselves on the impressive rankings they enjoy.

Key strengths:

• Loyal and diverse customer base
• Run under management with key staff in place (not owner dependant)
• Professional Same Day Service
• Door to door service, Seven days a week, 24 hours a day, 365 days a year
• Experienced uniformed drivers (self-employed to keep fixed costs down)
• All goods in transit fully insured
• High quality fleet of vehicles maintained to the highest standards
• Courier Exchange membership

Key opportunities:

Key opportunities available to the business include catering for larger contracts and providing existing customers with storage facilities- many companies no longer want to hold stock themselves and would rather deliver on a case by case basis from a central hub.

Mainland Europe delivery services, and Ireland for that matter are also potential areas for growth should a new owner so wish , not to mention the local area as there are many other companies who could certainly benefit from this courier’s premium services.

Financial information:

The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for last financial years circa £425,000.
Gross profits circa £129,000 p.a.
Typical Adjusted EBITDA £80,000 

Net Assets circa £11,000.

Asking Price:

The Asking Price is for 100% of the issued share capital of the business and is based on Net Assets at completion being circa £11,000.

Advertising:

The business does very little in the way of proactive marketing preferring to rely on repeat business and word of mouth. It could certainly benefit from further activity in this area, particularly within a 30 miles radius of its current location as there are lots of opportunities to exploit. The vendor has chosen not to pursue this through choice.

Growth and Expansion:

This business has enjoyed steady growth and this trend is expected to continue based on ongoing recommendations. Demand is always strong and the company continues to grow and has the ability to handle more work and provide additional services including further storage etc. as it is truly independent.

Premises:

The business operates from ideal leasehold premises. The site is highly secure. We are advised a flexible rental agreement is in place. Rent is circa £3,600 p.a. (inc. rates also) plus additional fees for services and storage to be negotiated as and when required. Site comprises portable office building and warehouse (up to 100 pallets) with plenty of parking.

Employees:

The vendor does NOT work in the business. The business has key staff in place including full time Operations Manager and Assistant Manager as well as a part time Accounts Administrator. Currently there are 8 self-employed drivers who work with the business. All drivers are professional and conscientious in their approach to work.

Support and training:

The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new Owners. This should be relatively straightforward and simple as key staff are already in place who run the business and as such the business is NOT reliant on the owner.

Reason for sale:

Early retirement

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 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk