Business Background and History
This transport company specialises in the transport of cars in the prestige market. Very few competition in the transporting of second hand and new cars, fleet cars, luxury cars. Established for 6 years along the Eastern seaboard including Brisbane, Sydney and Melbourne. The asset list includes 6 interstate vehicles and 5 local vehicles. Good customer base with some customers spending up to $35,000 per month.
Operating Hours
Monday to Friday 8.00am 4.00pm
Employees
1 x full time owner working 5 days per week approximately 20 to 30 hours, 2 x full time drivers, 4 contractors on ABN and 5 sub contractors when required
Lease
2 years lease remaining in Sydney and Brisbane lease is due to renewal. Both landlords open to new lease if required.
Potential
Currently run under semi management. With the owner working only 20 hours a week
The current owner is knocking back jobs and only cherry picking the jobs that he wants. There is easily a demand for about 2 to 3 more vehicles on the road. Adding an extra 20% to 30% more revenue for a motivated owner/ buyer
Hire more inhouse drivers to add more profit. Currently there are only 2 full time drivers. There is potential to add 2 or 4 more full time staff to reduce the expense of using sub contractors
Weekly Financials
Weekly Takings $45,136
Cost of Goods $7996 (Fuel and oil)
Gross Profit $37,140
Rent $1421 (Includes $530 p/week for Brisbane)
Wages $22,017 (does not include the owners wage)
Superannuation $198
Telephone $53
Insurance $1265
Electricity $100
Misc 1 $2280 (rego/ insurance, repairs & maintenance)
Misc 2 $1010 (travel, accommodation, tolls and parking)
Misc. 3 $584 (truck hire and other expenses)
Total Expenses $28,928
Nett Profit $8,212
Asking Price $750,000 + Assets ( Vehicles valued at $1.67million)
Reason for sale:
Genuine reason for sale owner looking to relocate and live overseas. Non-compete agreement signed as a part of sale
The Opportunity:
This business is in growth phase. All the hard work of setting up, building a good team of workers, regular customers and a good reputation is in place. There is ample opportunity for growth. The new owner simply needs to add more truck and more workers to scale.
