Resale - Speedy Freight Hereford & Worcester

Welcome to the Speedy Freight Hereford & Worcester resale opportunity

The Business

Speedy Freight Hereford & Worcester is a thriving business that’s becoming increasingly profitable by offering a same-day courier service at the premium end of the market.

The vast majority of its Trustpilot reviews are five-star, 95% of its customers keep coming back for more, and its sense of urgency and integrity sets it apart in the highly competitive sector.

A new owner prepared to put in the time and effort and follow the Speedy Freight formula should be able to grow the business substantially.

Already a huge success in Hereford & Worcester, an incoming buyer will find huge opportunities to grow and develop the business with the full, world-class support of the Franchisor.

Key Information

LOCATION: Hereford

ESTABLISHED: 2017

SECTOR: Logistics

TYPE OF SALE: Asset Sale

REASON FOR SALE: Retirement

ASKING PRICE: £190,000.

Trading Synopsis / Financials

The steady growth and profitability of the business belies the fact that the territory is thriving and growing year-by-year.

The overall business, trading as NCD Freight Limited, made a pre-tax profit of £6,992 on a turnover of £143,000 in 2021; a pre-tax profit of £52,592 on a turnover of £226,000 in 2022; and a pre-tax profit of £87,678 on a turnover of £308,000 in 2023.

Business Operations

Speedy Freight Hereford & Worcester is run from leased premises, with plenty of parking on site and two rooms – one used for meetings – the office is the heart of the Speedy Freight business.

It’s used by the Operations Director and the Branch Manager, while the driver uses it as a base for the two vans.

A sign of its success is that it enjoys 95% repeat business, with only 5% of it coming from new customers.

The Territory

The Hereford & Worcester territory covers, in addition to those cities, Ledbury, Ross-on-Wye, Bromyard, Leominster, Kington, Broadway, Droitwich Spa, Evesham, Malvern, Pershore, Tenbury Wells, and Upton-upon-Severn.

Staffing

Apart from the two Directors, the business has three full-time employees.

The Operations Director deals with route-planning and procurement while the hands-on Branch Manager is involved with both the operational and sales aspects of the business and controls the finances on a day-to-day basis.

A driver is responsible for both vans and ensuring that deliveries are completed safely and on time.

Customer Base

Speedy Freight’s customers are mostly companies in need of same-day urgent, fragile or specialist transport solutions across the UK and Europe.

Those clients, 95% of whom are repeat customers, value Speedy Freight for its efficiency and reliability – qualities that are reflected in the number of five-star Trustpilot reviews the business has amassed.

They are prepared to pay more for a premium service despite the number of lower-priced competitors wanting to eat Speedy Freight’s breakfast.

That is a tribute to the work the current owners have put in and bodes well for anyone itching to prove just how profitable it can be.

Growth Opportunities

Growth in the Hereford & Worcester territory is mostly likely to come from building on the contacts and networks that the departing owners have established.

As members of Hereford & Worcester Chamber of Commerce, they believe attending business breakfast clubs and other networking events will lead to increased business and many more referrals.

They recommend keeping customers close with regular contact, and report that they achieved most of their success by getting out and about and canvassing businesses, while others came to them via social media.

About Speedy Freight

Speedy Freight is a logistics business offering a same-day courier service across the UK and Europe with 51 branches operated by franchisees and 11 company-managed offices.

With access to a fleet of 4,000 vehicles, ranging from full-weight articulated lorries to small vans, the business can move any size or shape of consignment across the country.

Speedy Freight operates 24 hours a day, seven days a week and 365 days of the year.

The network of dedicated courier services allows urgent or sensitive freight to be collected within 60 minutes of booking and delivered anywhere in the UK and Europe.
Its drivers are equipped with the latest technology to allow them to take the best and quickest route to avoid delays, getting consignments to their destination in the fastest possible time.

Next Steps

The prospective Purchaser will be required to satisfy the selection criteria for new franchisees as determined by the Franchisor.

Heads Of Terms setting out the main terms of the sale will be agreed and drawn up, following which each party (including the Franchisor, who has a vested interest in the agreement) will instruct their lawyers and a Sale And Purchase Agreement will be entered into.

Upon exchange, a non-refundable deposit will be paid and a completion agreed by all parties. The prospective Purchaser will then undergo the initial training provided by the Franchisor.

Both Vendor and Purchaser are advised to seek independent legal and financial advice prior to entering into any agreement which will be legally binding.

Each party will be responsible for their own legal and professional costs incurred during the sale process. It is normal practice for the Franchisor’s legal costs to be split equally between the Vendor and the Purchaser.

PLEASE NOTE: All enquiries must be made directly to Franchise Business Brokers.

Checklist

• Franchise application completed and NDA signed
• Informal offer made and accepted
• Heads Of Terms drawn up
• Due diligence completed
• Lawyers instructed (Sale And Purchase Agreement)
• Exchange
• Training undertaken
• Sale completion
• Speedy Freight Hereford & Worcester – WEB AD
• Established and Profitable Speedy Delivery Business In Herefordshire
• Asking Price: £190,000
• Franchisee Role: Owner-Manager
• Annual Turnover: £308,000
• Established: 2017

The Opportunity

This is your chance to acquire an off-the-shelf, established and profitable business that’s part of a courier network to which clients pay extra for its legendary reliability and integrity.

Businesses throughout Hereford and Worcester prefer Speedy Freight’s premium services to those of its cheaper rivals and are helping the business become steadily more and more profitable.

Its same-day courier services have attracted a plethora of five-star reviews on Trustpilot – rare in the deliveries business – and there are many more potential clients just waiting to discover it.

A highly lucrative opportunity, this provides the right buyer a chance to even further the profits of an already successful operation.

The Franchise

Speedy Freight Hereford & Worcester is part of a buzzing national network of couriers who offer same-day collection and delivery services around the clock, 365 days a year.
Despite intense competition in a crowded market, businesses are increasingly eschewing the cheap and cheerful and paying more for the premium service and reliability that Speedy Freight offers, which has helped Hereford & Worcester grow steadily in both turnover and profitability.
Operating with two vans from a leased office unit, this is a lean and efficient business with knowledgeable staff, a loyal customer base, and a far more profitable future.

Summary

This is the full package: a courier service that charges premium prices, has very happy customers, and is growing steadily with ever-increasing profits. There is room to expand the Hereford & Worcester business still further by networking with more potential clients, and this highly lucrative opportunity could be perfect for you.
Enquire now!