Location
The business operates from premises on the Stansted airport complex and is therefore perfectly located for the type of work it is renowned for. It has built up an enviable reputation in this area since the company’s inception.
Premises
For the last three years the business has been run from serviced offices.
Business
The owners previously worked in haulage; then, having spotted a gap in the market for professional aviation related haulage, started this business, which rapidly grew to a million pound turnover. The events of September 2001 had a detrimental affect on the company as the cost of increased security checks affected all air freight business. The business has stabilised since, however, in recent years the proprietors have been actively pursuing other business interests and have now decided that this business would benefit from new owners who can focus on returning it to the size, and turnover it was before.
Assets
The business owns three vehicles: One Lorry, one Luton van and one Transit van. Most of the office equipment is also included in the sale.
Marketing
No marketing has been done for at least a year, and the owners readily admit that even a modest campaign should have a profound effect on turnover.
Turnover
The accounts for 2006 show a turnover of £374k with a N.P. of £65k. Draft accounts for 2007 show a turnover of £290k but an increased net profit.
Potential
The business has previously operated at a level three times what it does today and therefore it should be possible to nurture it back to a similar level. There are also several complimentary activities that could be utilised to grow the business even further, including van rental and taxi work. (Especially bearing in mind the company’s airport location.)
Trading Hours
As is the nature of this type of business, some evening and weekend work is inevitable.
The business is also seasonal, with the winter months being busier due to aircraft repair schedules and the extra volume of work this provides.
Personnel
The business currently employs three full time self-employed drivers, three casual drivers and one full time administrator.
Reason For Sale
As stated above the owners run several other businesses and need to concentrate their efforts on other core activities.
Comments
Experience of the courier/transportation business would be an advantage but an enthusiastic approach to achieving the company’s potential is what this business really needs.
Price £80,000 Early viewing is advised
If you require any further information or would like an appointment to view the business. Please telephone 0844 561 1806. Viewing is strictly by appointment only, through ABC Business Brokers and no approach whatsoever should me made directly to the vendor.
