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CONFIDENTIAL SALE
FOR SALE
17/07/23
516712
MAVERICK / Rightbiz
Our clients specialises in transporting shipping containers by road from for major UK container ports. Shipping lines, freight forwarders and cargo owners use the company to move goods from these ports to the destinations specified by clients.
With a high-spending client base, solid operational framework and high profit margins, our client represents a compelling acquisition. Better still, the existing infrastructure presents further opportunities for a new owner to add significant extra value.
Highlights
· Strong Financial Performance: The business has shown impressive financial growth with a turnover increase of 36.5% from 2020 to 2022 and a healthy pre-tax profit margin of 8.63% in 2022.
· Wide Range of Services: The company offers a comprehensive range of services, catering to various types of containers and logistical needs, making it a one-stop solution for container transportation.
· Strategic Location: The company's operational base is strategically located near four key UK ports, giving it access to 75% of the available market.
· Experienced Workforce: The company boasts an experienced team of drivers and administrative staff, ensuring efficient and reliable service delivery.
· Steady Customer Base: The company has a steady base of repeat, high-value customers, which it has managed to grow incrementally over the past five years.
· Growth Opportunities: The UK container delivery market is set for growth, presenting ample opportunities for revenue and profit improvement for the company.
· Well-Managed Fleet: The company has a well-managed fleet of 18 fully-owned lorries ensuring sufficient capacity to meet the demand of its customer base in conjunction with its trade partners.
· Training and Support: The current directors are willing to stay on for an additional 12 months post-completion to help the new owner, including continuing to train a new member of staff.
· Potential for Value Addition: The company's existing infrastructure presents further opportunities for a new owner to add significant extra value.
Services offered
Our client transports various types of containers, including High Cube, Reefer, Pallet Wide, Open Top, Flat Rack and standard dry containers (20DV and 40DV). Each type of container is designed for specific cargo needs, ensuring efficient and safe transportation of goods.
The following delivery services are offered:
· Wait and Load: This service involves the container staying with the vehicle while it's loaded or unloaded, allowing for immediate return.
· Drop and Collect: With this service, the container is left at the site for a period then collected when loading or unloading is complete.
· Kerbside Delivery: The container is unloaded at the side of the road next to the delivery address.
· Splitter Deliveries: This service involves handling multiple delivery points from a single container, optimising route planning to ensuring on-time.
· General Trailer Work: Our clients also undertakes general trailer work although this accounts for a very small percentage of revenues.
Our client’s fleet includes 18 Volvo FH4 tractors units, 4 splitter trailers and 10 slider trailers.
Financial performance
In its five years of trading, our client has demonstrated impressive growth and profitability. Turnover grew 36.5% between 2020 and 2022 to reach nearly £3 million with a compound annual growth rate of 16.83%. Profitability has also been strong, with the company achieving a pre-tax profit margin of 8.63% in 2022.
Around 40% of clients are factored while the internal credit control person manages the rest.
Staffing
The two shareholding directors are responsible for making important decisions within the business. They work with a team of skilled staff members who contribute to the company's operations. The current directors are willing to stay on for an additional 12 months post-completion to help the new owner, including continuing to train a current member of staff to assume most of their responsibilities including planning, costing and maintenance.
The company has a team of 17 drivers. One member of staff is responsible for all administration, including credit control and invoicing, and this person is assisted in this work by Helen. One of the directors oversees admin and financial decisions when staff are on holiday or sick.
Enquiries
Our client has grown impressively since launch, building a reputation for service and delivery. Its pricing points are mid-market, a fact that long-standing customers are happy with, meaning that a new owner will not need to chase the bottom of the market to win new business.
The addition of a new website, a sales rep, more services and sustained marketing should make a lasting and positive difference to turnover and profitability quickly. To find out more, please fill in the form below.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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