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Asking PriceUndisclosed
RevenueUndisclosed Established1955
Cash FlowUndisclosed Employees9 full, 0 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Established for 53 years and specialising in bulk haulage of grain, aggregates and minerals, this well respected and highly profitable (21% gross margin) family run bulk haulage business, has grown steadily since its inception in 1955. In more recent years, the business has seen revenues increase from £602,505 in 2003, to £851,349 in 2007. The latest accounts show an impressive 14% growth in turnover for 2008, resulting in a massive 75% increase in pre-tax profits for the year. If that’s not recession-busting, then nothing is!With such an impressive growth-rate over the last 5 years (41%), this business offers the new owner the very real prospect of continued strong growth well into the future. Equally notable, 90% of turnover is generated from repeat business. The remaining 10% is gained from referrals and word-of-mouth recommendations. The owners do NOT advertise or actively market the business in any way. Imagine the results if they did! Over the decades, this family owned business has built an enviable reputation based on trust, reliability, honesty and consistent delivery on its promises. Its loyal customer base of 70+ is located mainly throughout the southern counties of England, with some well known household names featuring amongst them.Five drivers, each averaging 13 years service with the company, operate a fleet of four 44-Ton tractor units, one 32-Ton rigid truck, plus six tipping trailers, specialising in the haulage of grain (75%) with the balance of 25% in aggregates and minerals. After 33 years of running the business on a daily basis, the owner wishes to semi-retire to pursue other interests. The business currently generates average net earnings of £10,512 per month after deduction of payroll and other expenses. The asking price is £695,000. Contact David Mattocks on 0845 094 3041 or email him at dmattocks@sunbeltnetwork.com for further details.
Sale Reason:After 33 years of running the business, the owner wishes to semi-retire to pursue other interests.
Ad #35874
Seller Reference #DORSEMO001-N80
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