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Deal Opportunities.co.uk

the UK marketplace for company sales

Furniture removal

Reference
S6632
Turnover
£5m to £10m
Sector(s)
Distribution, freight & logistics, Miscellaneous, Service industries
Region(s)
UK Wide
Added
27 November 2019

Business description

The company specialises in delivering a dedicated removals service, storage, delivery and collection, and home fit-outs for clients across the UK.

The business is a member of the British Association of Removals (BAR), enhancing its industry-leading reputation.

The shareholders are now offering the business for sale due to changes in their personal circumstances.

Offers invited.

Highlights

  • Serves 50 active clients and benefits from high retention rates, 100% of whom provide reliable, repeat business. 
  • The company embraces work of all sizes and complexities, undertaking a diverse range of projects and working with clients to produce exceptional results. 
  • Has a strong fleet of removal vehicles, providing each client with a comprehensive service throughout each stage of the process. 
  • The existing management team possesses the necessary skills and expertise required to effectively manage the business on an ongoing basis. 
  • Operates from leasehold premises.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 3,261 634
2018 (Actual) 4,943 942
2019 (Actual) 5,003 1,185
2020 (Forecast) 5,253 1,297
2021 (Forecast) 5,621 1,387
  • Turnover of £5m, with an adjusted EBITDA of £1.18m.
  • Shareholder funds of £669k. AA Strong gross profit margin levels year-on-year, with 76% achieved in YE19. 
  • Projected turnover of £5.6m in YE21.

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