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Courier - Carrier Business

Multi Vehicle; Excellent Reputation; Continual Growth

$165,000 including plant & vehicles - Christchurch

#020719

detail

This business continues to improve, leveraging off a multi vehicle fleet on achieving timely delivery of goods to its clients within greater Christchurch. The vehicles predominantly have set routes, and have local strength throughout Canterbury, which enables greater efficiencies.

The business does very little advertising with most new work being referral and 'word of mouth' - generating around 200-250 pick up/delivery jobs a day...and growing. Sales in recent years have been very consistent, with 30% of sales dropping to the bottom line as owner profit. This can be further improved with a 5% price increase perhaps three months after purchase - which is well justified in regard to the costs of fuel/diesel and labour rates.

The vehicle fleet is well maintained, and the vehicles are true work horses, well regarded internationally and well maintained locally. Drivers use smart phones and Bluetooth, the vehicles are all GPS - Fleetpin enabled, and the drivers are employees who eat, live and breathe 'service excellence'. The dispatch role is well served by an existing staff member, and clients are being gradually introduced to online ordering, which assist despatcher productivity.

There are several key differentiators within this business which lead to strong growth opportunities and these will become more readily apparent once a prospective buyer has reviewed the Information Memorandum.

With a genuine reason for sale, this business represents an excellent yield for someone keen to complement their existing team and take on specific runs. An appropriate transfer period will be available, and the buyer will need $20k or so for working capital over and above the purchase price.

There is a strong client-service culture within the businesses and the new owner will need to relate strongly to both drivers and clients.

Make over $2000 per week and take advantage of identified opportunities:

Net Surplus $108,648 EBPITD

Contact: Damien Fahey
Office: Christchurch

Confidentiality Agreement for Business Reference 020719, Broker Name Damien Fahey

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. We acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Ltd (Licensed under REA 2008) and/or Tabak Business Sales Limited (Licensed under REA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
Mandatory Fields*