Outsourced Fleet Management Company For Sale

Business description

This business was founded nearly 20 years ago by the Vendors and has grown since to become one of the leading providers of corporate and private vehicle financing solutions, having established a reputation for the quality of its service and reliability.
The business operates from a prime location in the South East and has established itself as one of the UK’s leaders in it’s field. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business has always believed in the pursuit of excellence, installing new technology and systems which has ensured they set the standards rather than follow them. As fully installed members of the BVRLA, the commitment to service standards is second to none, whilst they constantly review and update their service commitment and methods of business to stay ahead in this very competitive market.
The business has shown itself to be resilient in the face of competitive forces. Despite the number of operators in this sector constantly increasing, the business has retained it’s position and continued it’s strong and incremental growth over its many years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the vehicle requirement, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in maintaining quality and sustained business growth.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed, alongside investment in technology, to the excellent profitability of the business and its current position.
A key component has been reliability, never making false promises and always delivering on time. Furthermore, they are continually working to ensure the vehicles are sourced at the best possible price and the finance package is the lowest available for the customers requirements.

Customer Service:
The business manages several thousand customers and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is reliability and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.




Key Strengths:

The business is an autonomous organisation where the business owners have, over time developed and nurtured a management team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.

The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.

Financial Information:

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 under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 17 years trading.
Sales revenue is circa £2,000,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.

Property information

Property:

Freehold

Location:

The business is located in an easily accessible area in Sout East and operates from freehold detached administrative offices, which are available to purchase by separate negatiation, with a guide price of £400,000. The vendors would consider establishing a lease for the premises or the business could easily be re-located away from the current offices.
The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon.

Other information

Expansion potential:

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business uses Google ad words plus direct mail and though a high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

The business is for sale as a result of the vendors’ wish to follow other areas of interest.