Business description

Specialist Overnight Parcel & Pallet Delivery Service throughout the UK

Established in 1980, this company has become a highly respected leader in the logistics industry, specialising in Overnight Parcel & Pallet Delivery Service throughout the UK. With over twenty seven years of successful operation this business has performed consistently well, providing an excellent and reliable service.

Providing the best in technology and service with professionalism and a diverse fleet of vehicles and delivery packages, designed to suit any delivery no matter the size of the package or urgency of delivery. This business offers secure, on-demand collection of any item and delivers anywhere in the UK. They have built a very large base of loyal repeat customers, by providing a high level of personal service and attention.

All parcels are tracked and goods insured. The constantly growing base of satisfied clientele has allowed this company to achieve a strong, proven record of dependability and a top quality service. With an excellent turnover the business represents a significant and attractive opportunity for any buyer who wishes to acquire an excellent and established business.

Equipment:

The business utilises a modern fleet of vehicles consisting of:-

7 x 7.5 ton vehicles
2 x 38 ton Artic
5 x Trailers
3 x Trucks
Computers

Technology

Accounting system has been implemented alongside the use of modern technology resulting in an easily managed and efficient business environment.

Customer Service:

The business has many loyal satisfied customers and does everything possible to enhance their excellent reputation and to develop commitment to customers' needs, including customer care. These services are broad and represent the company focus on responding to customer needs. Customer service is paramount and at the centre of the company’s approach to doing business. In terms of logistics, the key goals for customer service are reliability, speed of delivery, delivered complete and undamaged. The business takes pride of this service offered to customers. The results of this commitment are evident in the degree of return customers.

Key Strengths:

• Suitable Premises with space to grow the business.
• Special overnight parcel service
• Excellent Location
• Superb Personal service
• Flexibility
• Good Relationship with customers
• Huge Potential for growth
• Large database of clients
• Well earned name and reputation

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.

The business is very profitable and will move forward very quickly in the right hands, the current turnover being circa £2,650,000.The net assets with this business is valued in the range of £50K-£60K.

Property information

Property:

Leasehold

Lease terms:

The rent is currently circa £150,000 per annum and rates payable at circa £57,230.

Location:

The business is located in established leasehold premises comprising Office, Warehouse and Yard. The lease is for 5 years with 6 months notice. The rent is currently circa £150,000 per annum and rates payable at circa £57,230.

Other information

Expansion potential:

The business is well positioned for its next period of growth. The business has established an extremely strong name and brand identity, from which there are known to be material growth opportunities for the future. The Business maintains an extensive base of satisfied customers.

The current market for this business is buoyant 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.

Competition / Market:

The Company generates sales from direct marketing and recommendations. Consistent growth will be achieved by building on this success. They do not advertise in yellow pages nor do they have a web presence and there is little doubt that turnover and profits could increase exponentially using these additional mediums. Further and more assertive advertising in the form of the local press and Internet marketing would expose the business to a much larger segment of the market.

Support & training:

The owners will provide full business familiarisation, training and handover.

Reasons for selling:

The current owners would like to pursue different opportunities and feel the time is right for them to sell the business. Also the owners feel that significant growth has been achieved and investment is now required to develop and enhance the Group further.