turner-butler

Businesses are featured on

Businesses for Sale

Sub-Contract Transport & Logistics Company

Ref. GP225

Location : Greater London

Asking Price : £100,000

Turnover : £360,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : £40,000

Net Asset : £30,000

Premises : Relocatable

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Asking price: £100,000 + NA

Relocatable

Business highlights include:

Turnover of c. £360,000 per annum (2018 forecast)
Net Assets c.£30,000 (2018 forecast)
Adjusted EBIT £40,000 (before Directors’ drawings)
Embedded client relationships
4 years of successful trading
Excellent repeat customer base
2x Operator’s Licenses
Knowledgeable, experienced and motivated employees
Prominently situated
Goodwill

Business Profile

This business was set up by the vendors over 4 years ago and has grown rapidly in that time to become well established and profitable. While beginning as a removals and storage company, the business quickly developed good commercial contracts with main contractors for transport and logistics; forming a vital part of the broader services offered by their clients.

This change led to the current trading conditions where the business engages in only ocasional removals and is now almost exclusively a transport and logostics company with well embedded client relationships. The majority of clients are institutional and corporate.

The services are backed by a roster of highly reliable drivers, one driver is owner/driver, the other 5 vehicles are owned by the company, who are well motivated and back-up all of the reliability and trust claims that the Vendor relies upon when dealing with clients and their time-critical deliveries.

The business is very sucessful and highlights include:

•Loyal long term clients
•The business has been around for over 4 years and is a solid repeatable business opportunity
•The business has untapped potential and is highly scalable
•Competitive pricing
•Solutions to complex requirements
•Very strong referral rates among lients

The business is managed by the Vendor who has implemented a very efficient management system for detailing the terms of each day’s and week’s jobs to drivers. Staff and contractors are fully conversant with the business’ techniques and methodology and are more than capable of enabling the new owner to successfully maintain continuity of trading.

Equipment:

The business has little in the way of equipment, all vehicles (5 Luton vans and 1 Scania 44t HGV) are owned by the company (only one of the drivers is owner) and managed by their drivers.

Customer Service:

The vendor has implemented a successful & highly professional system for managing clients and jobs. This is evident in the very high levels of repeat business the company enjoys and the fact it does not need to advertise.

Key Strengths:

The business has many strengths including

• Enviable reputation in the region it serves
• Embedded customer base
• Exceptional levels of service
• 2x Operator’s Licenses
• Highly reliable employees
• The business is unreliant upon the Vendor

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 of c. £360,000 per annum (2018 forecast)
Net Assets c.£30,000 (2018 forecast)
Adjusted EBIT £40,000 (before Directors’ drawings)

Asking Price:

The Asking Price of £100,000 is for 100% of the issued capital of the company, assuming Net Assets of circa £30,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £30,000 at completion.

Growth and Expansion:

The business has enjoyed steady trading over its lifetime and this is expected to continue in light of its growing and loyal customer base. The business, while profitable and successful, has been run in more recent times in line with the vendors’ personal wishes and by their own admission the clearest opportunity to grow the business would be by simply agreeing to the level of demand that the company enjoys; by adding drivers and also extending geographic reach.

Premises:

The business is managed from the Vendor’s home and is easily relocatable.

Business Hours:

Monday – Friday: 09:00-18:00

Employees:

The vendor is supported by:

6x Self-employed, full time drivers, including 1x HGV driver
5x Self employed, full time crew
All staff are highly experienced and a real asset of the business.

Support and Training:

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

Reason for Sale:

The vendor wishes to concentrate on his other existing business and does not believe that he has the time available to commit to the potential of this company.

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 ecommend 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