| | | GP110-BIRMINGHAM, WEST MIDLANDS-£1,575,000 -FREEHOLD INDEPENDENT GENERAL HAULAGE CONTRACTORS | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 7,757 TIME(S)
BUSINESS REFERENCE : GP110 / RightBiz | | | | | | Freehold Independent General Haulage Contractors Ref No: GP110 Location: Birmingham, West Midlands Asking price: £1,575,000 | | | BUSINESS LOCATION: | Birmingham West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Joinery & Building | | SALE: | Agent Sale | FREEHOLD: | £1575000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established in 1966, this is a highly successful, family owned Road Haulage business that has grown to become a constantly profitable enterprise with strong client relationships and is built on extremely strong business foundations. The business is therefore set to not only ride out the current economic challenges, but to be perfectly set to achieve early gains in a recovering market.
The business provides general haulage logistics and distribution operations from a well-located, valuable freehold site of approx. 1 acre in the West Midlands region with very convenient access to the motorway network.
The business has built an excellent reputation for its reliability and quality of service. With many years of experience in road transportation, the staff are able to provide consistent and reliable services to ensure the satisfaction of its clients. As a result the enterprise engages in a high volume of repeat business with high quality core clientele.
This company is an excellent investment opportunity with its solid profit margins and long standing reputation, and represents a complete turnkey opportunity. A solid base of satisfied repeat accounts and clientele, as well as constant demand for new contracts mean that this establishment has many opportunities for growth and expansion in to the future.
The business prides itself on being members of the Road Haulage Association and reaches all standards set by the ISO 9000. All operations are fully computerised.
This business has been very sensibly priced in current market conditions, and is placed for sale due to the Directors wishes to retire - not economic forces. Its Directors are therefore looking for a smooth uncomplicated sale.
Equipment:
The business has a fleet of 20 well-maintained vehicles and 26 trailers at its disposal.
Customer Service:
The firm has maintained a high level of repeat business through ensuring reliability and quality of service.
The firm’s workload largely comes through reputation and personal recommendation; therefore their constant demand for contracts demonstrates their excellent reputation within the road haulage field.
Key Strengths:
The business is very well established and consistently profitable, with a strong and growing customer base, retaining a high level of return custom. The business has built an excellent reputation which stands undoubted, and is based on top quality service and reliability. Steady growth has spread through word of mouth recommendation, which demonstrates high levels of customer satisfaction.
The business is independent and operates from a prime location at the centre of the motorway network. The sale includes title to a freehold property of approximately 1 acre in size in an excellent position very close to the centre of the country’s Motorway hub.
The firm could easily be incorporated into another enterprise as a bolt to an already existing business.
Growth and Expansion:
The sale of this business presents a rare opportunity to acquire a very well established business in a prime Midlands location.
This business maintains an extensive base of satisfied clients, who appreciate the company’s superior service. There are many excellent opportunities to build on the existing base of this company, through organic growth and expansion of the marketing element of the business.
The road haulage industry is a vital part of the UK's freight transportation system, which is an essential service for many businesses. With a strong demand for services and capacity to further increase turnover, a new owner would contribute fresh ideas and outside influence to build on an existing excellent foundation.
Employees:
As a family run business, the owner manages the day-to-day running of the company with help from experienced, competent and reliable staff and drivers.
Key Opportunities:
Until now, new contracts and healthy cashflow have been generated from largely word of mouth recommendations - there has been little requirement to mount any sales drives, no advertising, no brochures, and modest presence on the Internet. Therefore the business could benefit from further sales and marketing development, direct or otherwise. Already the preferred company of many, there is potential of being able to generate further business.
The firm could easily be integrated into an experienced haulage company, who would be able to make the most of the Midlands transport links.
There is obvious opportunity to expand the business throughout the rest of the United Kingdom and Europe, and with the amortisation of overhead gearing in to an already existing system even greater profit ratios could be achieved quite easily.
Advertising and Marketing:
The business generates new business from trade awareness and the finest form of marketing: word of mouth recommendation. These methods are used to maintain strong customer rapport to get that all important repeat business.
If a buyer were to optimise additional marketing methods with this business, this would be an excellent opportunity for growth and expanding the client base.
Premises:
The business includes a freehold property of approximately 1 acre in a prime Midlands location and an approximate value of £600,000. This property is fully equipped with gas, electric, water, main sewage and broadband.
Financial Information:
The business is being offered for sale on a going concern basis, and all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The company’s ’07-‘08 balance sheet shows an asset value of £530,000 after liquid funds are discounted.
Turnover of approximately £1,800,000 per annum
Gross profit of approximately £435,000 per annum
Adjusted Net profit of approximately £285,000 per annum
Reason for Sale:
After forty highly successful years in the business the owner has taken the decision to retire following a successful sale.
The business comes fully operational and a new owner with fresh energy will be able to make the most of the many opportunities available to drive the business forward.
Support and Training:
Full business familiarisation, training and handover will be provided by the owner if required.
| | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | GP110 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
