Thriving Courier Business

by Niyi Ologunleko
(Abuja, Nigeria)

A medium-sized COURIER/LOGISTICS company with main operational hub in Abuja and ten other operating offices plus a strong agency network scattered across Nigeria is on offer for sale. The company is ideally positioned to diversify deeper into logistics and freight forwarding in the expanding Nigerian economy.
This is a well established privately owned Courier company that specializes in mails and parcel delivery throughout Nigeria and to oversea destinations. The company, now in its 6th year, is fully licensed by the Courier Regulatory body. The company has a strong brand name and a good reputation that is built around the professional way it operates. This has led to an enviable high profile client list and a sizeable market share.
The core business is with government ministries, parastatals, agencies and commissions; embassies and foreign missions; banks, insurance companies, hospitals, law firms, registrars, NGOs and several private sector organizations. These are regular repeat clients most of who serve as referrals to on-going development efforts that expand the company’s client network. The current staff strength is 33 workers including 12 with university degrees.
The company is profitable and runs very smoothly with an experienced management and a highly motivated work force. The opportunities for expansion into other sectors of the logistics business as well as increase current market share in the courier sub-sector are enormous. However, the expansion capital has posed a great challenge. This informs the decision to sell with an expectation that the new owners will bring the desired financial muscle to exploit the abundant goodwill already in place around a strong brand that is making wave in the industry.
Asking price is N60m. Contact Niyi on 08033146140 or email: niyi@prosellersglobal.com