Business for sale in United Kingdom – Durham – City of London – Gp198-flat bed, general road haulage and logistics contractor - international licenses-northeast

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Business for sale in United Kingdom - Gp198-flat bed, general road haulage and logistics contractor - international licenses-northeast

Asking Price: 395,000 £ Real Estate: Lease
Sales Revenue: 953,000 £
Net Profit: 89,000 £
Year Established: 1991
Employees: 6FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/Durham

Business types:

Transportation & Warehousing

Business categories:

Logistics Services ; Other Transportation

Business description

this is a first class opportunity to aquire a haulage and logistics company with a reputation for reliability, flexibility and honesty. The business has built up an envious list of customers, many being blue chip companies servicing industry sectors such as oil and petrochemicals.

 

regular daily runs are undertaken covering the north east of england, the midlands, scotland and ireland , they have a regular contract for the shipment of oil well equipment, from the uk. The business conforms to necessary legislation and has the required international haulage licenses in place.

 

the business runs smoothly with no debts and with controlled overheads. A number of agreements are in place with other haulage contractors within the uk, enabling them to get return loads whenever possible. The company has a fleet of seven trucks and seven trailers operated by a team of seven full time hgv qualified drivers and two other self employed relief drivers.

 

this would be an excellent bolt on business for another haulage/logistics contractor, having a solid asset base and a database of  regular repeat cutomers.  strategically located, the north east is an important hub for transportation being close to the motorway. 

  

key strengths:

 

·         well established with good name and reputation – 20 years

·         database of regular repeat customers

·         team of full time hgv drivers

·         profitable business with no debt and good assets

·         international licenses in place

·         good leasehold hub location with expansion potential close to motorway link

growth and expansion and opportunities

 

this is a well established business with a healthy amount of customers regularly using their services. New owners could continue the haulage service and aim to build on their customer’s requirements for warehousing and storage.

equipment

 

the company has seven trucks and seven trailers. One of the trucks is on contract hire and another is on a weekly hire agreement, the rest of the trucks and trailers are owned by the company plus other equipment. 

 

Additional information

Additional information: Not Disclosed
Support & training: The vendor would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling: The owner wishes to pursue other interests having spent all of his life working in the haulage industry.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The site is rented, including rates, for circa £12,000 per annum. The lease period expires December 2011, although the landlord is keen to re-negotiate.
Location: The company runs from three adjoining rented industrial units in Northeast close to the main A1(M) motorway and within easy reach of Newcastle, Sunderland and Middlesborough. There are other adjoining units available for rent, which would be perfect for future expansion. The warehouse also comprises of a garage pit for repairs and servicing. The site has a large yard with parking for circa eight trailers and wagons and is fully secured with fencing, cameras and alarm. The site is rented, including rates, for circa £12,000 per annum. The lease period expires December 2011, although the landlord is keen to re-negotiate.

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