Business for sale in United Kingdom – West Midlands – City of London – Gp190-nationwide distribution and warehousing company-west midlands

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Business for sale in United Kingdom - Gp190-nationwide distribution and warehousing company-west midlands

Asking Price: 350,000 £ Real Estate: Lease
Sales Revenue: 790,000 £
Net Profit: 1 £
Year Established: 2000
Employees: 15FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/West Midlands

Business types:

Transportation & Warehousing

Business categories:

Other Transportation

Business description

turner butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before. The principal of this business has operated within this industry sector for many years, and has a well renowned reputation for his dedication to quality of service at a reasonable cost. These principals, forming the cornerstones of this company’s business model, have been implemented since the incorporation of this company in 2000. Although the company has traded robustly during the period since its inception and has been a member of the road hauliers association, it has found trading in the current economic climate something of a challenge and has now been placed for sale at an attractive and sensitive price level for a new owner. The company offers an array of services from its well located 30,000 square feet premises in the west midlands, complete with offices and more (10,000 sq. Ft. Of free standing space and further rentable office and board room space). The extensive range of services include:- • palletised storage • bulk storage • computerised warehouse management • picking to selling unit level • consignment tracking – in conjunction with tnt and interlink • packing in secondary outers or mixed pallets • sampling, seeding and promotional packs • production of plain or customised documentation • nationwide next day delivery the company has an impressive “blue chip” client base, plus its team of employees are motivated, competent and loyal. The principal of the business, being well known in this sector has also expressed his willingness to be retained by the new owner for a period of time, to allow for a seamless transition of ownership, should this be required. This acquisition of this business places itself well for bolt-on type opportunities within the same or parallel sectors and we would therefore recommend early inspection. Equipment: the company owns and operates an inventory of office equipment, machinery, vehicles, fixtures and fittings etc. In the daily smooth operation of its business. The vehicle inventory includes :- • 2 x 17 tonne tail lift vehicles (leased) • 1 x 7.5 tonne tail lift (leased) • 1 x 3.5 c.w.t. Sprinter van (leased) all such inventory is expected to be included in a successful sales package. Customer service: due to the principal and his teams lengthy profile within this industry sector, this business has an enviable reputation which would obviously benefit the new owner here.

Additional information

Additional information: Not Disclosed
Support & training: Full support and any necessary training will be provided during handover as part of a successful sale package.
Reasons for selling: The Principal has now decided to place the business for sale as part of his overall retirement strategy.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Current annual rental is circa £88,000 with rates coming in at £54,000 per annum.
Location: The business premises are located in a high profile easily accessible position, with warehousing, offices etc. all under one roof. Tenure is by way of leasehold, which runs until circa July 2011, with 3 monthly breakouts. Current annual rental is circa £88,000 with rates coming in at £54,000 per annum.

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