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Deal Opportunities.co.uk

the UK marketplace for company sales

Truck & van rental

Reference
S8399
Turnover
£5m to £10m
Sector(s)
Automotive, Motor dealerships, Service industries
Region(s)
UK Wide
Added
13 January 2022

Business description

The company specialises in the long-term rental of trucks and vans for commercial use, as well as offering a range of complementary services, including vehicle sales, servicing and repairs, for clients throughout the UK.

The business’s 450-strong fleet includes, but is not limited to the following vehicles, 4x2 and 6x2 tractor units; refrigerated box vans with and without tuck away tail lifts; 7,500kg and 18,000kg curtain-sider trucks; and 7,500kg trucks, several of which have twin sleeper cabs.

Our clients are offering the company for sale to facilitate the majority shareholder’s retirement plans.

Highlights

  • Has 69 active clients operating in the healthcare, pallet distribution, grocery, entertainment, events and haulage sectors. 
  • Maintains strong, long-standing client relationships, all of which now span over five years. 
  • Strong, diverse supplier relationships ensures no over reliance on any particular manufacturer. 
  • Operates from freehold premises which can be included in the sale. 
  • Generates and sustains revenue without the need for marketing expenditure.
  • Built up an experienced and knowledgeable management team which is able to effectively manage the business with minimal support.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 6,756 1,148
2020 (Actual) 6,895 371
2021 (Actual) 8,212 1,495
  • Consolidated turnover of £8.2m in YE21 with an adjusted EBITDA of £1.3m.
  • Average gross profit margin of 25% over the last three financial years.

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