GP193-County Durham-£ 950,000-Road Haulage Pallet Services

County Durham, United Kingdom

GP193-County Durham-£ 950,000-Road Haulage Pallet Services

Asking Price:$1,557,609

Cash Flow:$454,166

Gross Revenue:$4,885,974

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1935

GP193-County Durham-£ 950,000-Road Haulage Pallet Services

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Business Description

Very Profitable Road Haulage Pallet Services including Freight Transport & Logistics
Ref.GP193
Location County Durham
Asking Price £ 950,000
This is a wonderful opportunity to acquire an independently owned family run haulage company that specialise in the transportation of palletised freight. The business offers their customers a next day delivery service anywhere within the UK, plus a worldwide export service, being heavily involved in transportation throughout the whole of Ireland.

The business are members of a major UK pallet distribution network handling a large part of the North East of England. This membership allows them to collect pallets within their area from customers, transporting them every night to a central UK base. The pallets are then re-distributed and delivered to the end customer. The company is also the North East transport member of a large freight forwarder who specialise in delivering imports and collecting exports across the UK, and who have a central depot working with a similar operational method. The company handles a healthy amount of their own generated business on a daily basis throughout the UK and Ireland.

The business was established in 1935 and has grown steadily over the years. They operate from a well equipped site with a bulk fuel tank, warehouse and offices in County Durham, with excellent links to the major motorway networks and main roads. They have a well maintained fleet of fully liveried vehicles including artics, rigids, vans and trailers plus a full time team of highly qualified drivers. They are members of the RHA and are licensed for sixteen vehicles and twenty trailers.

This is a well established and well run business that offers their customers a competitive and efficient service from a first class distribution site in County Durham. Turnover has grown significantly over the past two years with the company benefitting from their associations with the two transport network distribution partnerships.

Detailed Information

Employees:
28
Facilities:
The business operates from a circa two acre site on an industrial area in County Durham close by to both the A1(M) motorway and the main A19 trunk road. The site has an office block and a circa 10,500 square feet warehouse which is used for storage and distribution. Outside on the site there is a concrete hard stand for circa fifty vehicles plus there is also a bulk fuel tank and electric pump and on site steam cleaning and washing equipment. The site is fully alarmed with CCTV cameras and steel fencing around the perimeter. The vendors are prepared to negotiate a lease period with the new owners with a rental of circa £30,000 per annum. There is the option to acquire the freehold site in addition to the asking price of the business, last valued at circa £400,000.
Growth & Expansion:
Both the turnover and profits of the company have grown over the past financial year which is partly down to the association with the two palletised distribution networks partnerships. Both networks have national advertising campaigns and they produce a steady stream of daily work in their allotted area in the North East. As the main network company continues to grow so will the number of daily collections and deliveries in their area. The business operates from a circa two acre site with a circa 10,500 square feet warehouse. The site is equipped to handle work from circa fifty vehicles and at present the company operates fifteen vehicles and twenty trailers. The warehouse is equipped for storage and distribution and at present has spare capacity. The site and warehouse has the infrastructure in place to handle a significant increase in daily business and has huge growth potential.
Support & Training:
The vendors would be happy to help with a smooth transfer of the business in any way possible.
Reason for Selling:
The two vendors have worked their whole lives in the road haulage industry and w

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Reeta Verma

Business Listed By:
Reeta Verma

Turner Butler

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