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Refrigeration Haulage Company

Businesses for Sale

Sale Memorandum

Quality International Refrigeration Haulage Company


Ref.IA003

Location North West England

Asking Price £3,500,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking price includes
Probably the United Kingdoms finest fleet of dual temperature controlled articulated vehicles.
A superb circa five-acre freehold distribution warehouse development opportunity, on a well-established business park, having immediate access to the national motorway network, providing excellent transportation links to whole of the United Kingdom and Europe.

A trusted and respected distributor for the International pharmaceutical industry
Established highly regarded Company offering quality service and experience
Experienced, knowledgeable and motivated staff and drivers
A long and respected reputation in the haulage industry
Extensive contacts throughout the UK and Europe
Huge opportunities and expansion capabilities
Extensive established Blue-chip client base
Many years of successful operations
Sterling Company reputation
Training and handover
Goodwill

Business profile:

Since the early 1970’s this business has met the challenges of effective haulage management with enthusiasm and commitment. Based in North West England, this business has grown to become a major national and international haulage operator with the finest fleet of refrigerated haulage vehicles, operating throughout the whole of the UK and Europe.

With an extensive customer base of International 'blue chip' clients this business is dedicated to the effective principles of quality, reliable customer service and practical logistics management, the company has met the challenges of the late twentieth century with fortitude and innovation.

The business operates a superb fleet of fifteen temperature-controlled vehicles. The main service is to provide the pharmaceutical sector with hygienically clean, reliable and secure vehicles which are fitted with state of the art mapping and GPS systems, and temperature controlled monitoring equipment, providing the Company with a comprehensive tracking system throughout the whole transport process right through to delivery notification.

The company operate a continuous replacement and updating policy with all aspects of the Company vehicle fleet. The industry experience, technical know-how and comprehensive, reliable infrastructure solves clients’ daily distribution headaches.

Each driver is trained in ADR (agreements for carriage of dangerous goods) and Air Level 4 Security. Good communications are a vital part of any successful transport operation, and all vehicles are equipped with telephones enabling drivers to maintain close contact with the operations control centre, this means a ready response to customers needs is assured.

Continued investment in new technology and effective communications strategy means that the business can offer a truly professional service to cater for all industry's needs into the next century.

Customer Service:

This business operates throughout the whole of the UK and Europe and is dedicated to providing 100% customer satisfaction

Key strengths:

The business is situated in an excellent geographical location and since it was founded has gone from strength to strength, maintaining a quality service.

With over 30 years of experience the business has fast become a renowned European refrigerated transport specialist. The dedicated and knowledgeable office and driving staff maintain superb relationships with customers, assessing their needs before they arise.

Success is due to the quality and professionalism of the service that is offered. The business prides itself on distributing products to meet the exacting standards that Company clients require.

All needs from the demanding transport and haulage industry are covered by this experienced Company and will continue to do so in the future.
Premises:

The premises are freehold and have an excellent capacity for expansion and growth. The site holds approximately a 20,000 square foot warehouse, between 10 and 15 offices, depending on individual needs, these superior premises stand on circa 5 acres of land.
Advertising and marketing:

The high profitability of the business is a result of word of mouth recommendations, bearing strong testimony to the high reputation the business enjoys, and the extent to which its name is known throughout the industry.

The company does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium.
Growth and Expansion:

Personal, dependable service has brought growth and expansion, but the company policy is still focused on a continued commitment to provide high quality service to customers.

From January 2005 all pharmaceutical products need to be transported by temperature-controlled equipment, enabling the business to offer services to a more varied sector within the pharmaceutical industry.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The current turnover is circa £2,000,000
Employees:

The most important resource of any business is its people. This business employs a team of experienced and skilled staff comprising four full time and one part time office staff, one vehicle fitter, one apprentice vehicle fitter and fifteen drivers.
Support and training:

The owner will assist fully with the handover and training of the business.
Reason for sale:

The owner now feels that on the wrong side of 50 and after thirty happy, prosperous years in this business, that it is the time to retire to his villa in Spain and enjoy the time with his grandchildren, following the successful handover of the business.

There will be amazing opportunities opening up in 2005 and the Company will need a new owner with the drive and energy to carry it forward.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

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