This company was established in 2009. It has traded successfully year on year and has grown consistently and steadily in line with the increasing demand for its services.
It specialises in supplying freight forwarding and transport services to the World by Road, Sea, and Air.
The business deals directly with manufacturers supplying goods to anywhere in the world. It has over one hundred clients and also gains work through other transport agencies insuring that there is a constant workflow. Neighbouring countries also supply a volume of work, which complements the existing turnover. Its sales proposition is simple and effective. â€œIt delivers goods to the world on a daily basisâ€.
Four established depots in Nairobi, Mombasa, Kisumu and Eldoret serve as staging posts where goods are dropped, stored, split and then delivered to their final destination by sub contractors.
All staff are made aware of the importance of treating the customer correctly. They all involved with the clients on a day-to-day basis. This has proved invaluable to both the client and the company as it provides a seamless level of service and created a strong bond between haulier and client.
Goods are handled properly and delivered within agreed timescales. All staff know every client and contact is encouraged at every level. The business owns and runs its own vehicles and employs its own drivers. This has resulted in an increased level of accountability for both equipment and payload. The managing director has adopted a very hands on approach to his business and is active in targeting prospect customers.
There is a good opportunity to grow this business from a position of strength. The East African market is developing rapidly and the existing level of experience in handling this market sector provides a strong platform for future growth.
The present catchment area is Uganda and South Sudan. Clearly there is a huge additional market outside these perameters that have not been approached.
Uniquely the existing Managing Director would be happy to remain in the business in a key development role that would be invaluable for a new owner.
Normal accountancy packages are used plus an industry specific â€œFreight Dataâ€ software package
There is some local competition but it appears unable to offer the same level of customer and load care that is provided by this company.
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.
This is a profitable business. Turnover for 2012 will be circa Â£1,494,000 with gross profit being around Â£220,000. EBITDA is circa Â£107,000 with shareholders funds being Â£184,000. Overheads are well controlled.
Other Business Details
The buildings and site are available to purchase if required or to lease for a period to be agreed as part of the sale.
Nearly all-new business comes from word of mouth, and existing customers are quick to recommend this company to their colleagues in the export, import business.
Business Operation Details
Reason For Selling:
The managing director has additional commercial interests.