Profitable Leasehold Self Storage Facility In West Wiltshire For Sale

Business description

The particular highlights of the business are:
- A well established business with 24 hr access.
- Good loyal clientele.
- Easily run by one person
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £130,000 pa with a net profit of £38,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for an existing self storage, removal or logistics company wishing to increase their portfolio of services
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides self storage using containers with 24 hour customer access.

History
Agents are delighted to place onto the market this Profitable Leasehold Self Storage Facility which has been established since 2006. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides self storage using containers with 24 hour customer access.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business via the internet and has a website.

Competition
There are two local competitors but none offering 24 hour access.

Market
The client base consists of a wide range of local businesses and private customers with one national construction company in permanent residence.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is £132,000 with a net profit of £38,000.
The potential turnover of the business within the next 2 years is forecast to reach £160,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 6 years with 6 years remaining. The rent is £8,580 pa with a review in 2014. The lease may be renewable or negotiable for longer term if required. The rates are £3,000.

Leasehold rent:

£8580pa per annum

Location:

- Situated on an Industrial Estate in West Wiltshire.
- Excellent free parking facilities.
- Surrounded by complimentary businesses.
- High levels of passing trade.
- Good volumes of traffic.
- Commercially thriving area.
- Well linked with the A350, A361 and A36.
- Trowbridge, Westbury, Bath and Frome all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The facility is detached and covers approximately 1,764 square meters. The front is branded. Their industrial estate is protected by a 24 hour CCTV system. The main customer service area is a wood cabin. It is very well presented and is very conveniently laid out.

Size in square feet:

1764 sq mtres

Other information

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Competition / Market:

There are two local competitors but none offering 24 hour access.

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling:

he now wishes to sell due to other business interests.

Trading hours:

Open 7 days a week, 24 hours a day.

Furniture / Fixtures value:

£52,000 (included in the asking price)