Asking price: Undisclosed

Sales revenue: £500k < 1m

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
An established and successful removals business, the company has now developed an entirely independent self storage facility to operate alongside at its key location in the East Midlands.

The removals business has a healthy mix of domestic and commercial contracts to enable it to operate effectively through economic cycles.

Operating with a national association brand presentation, the business has the key advantages of overseas and shipping capabilities and the flexibility to service peaks in demand.
The Self Storage space is fully operational with hardware and retail/MIS software in place.

Following the business plan,revenues and are now benefiting from passing trade, local, and directory driven enquiries, with a web presence due at the end of August 2008.

The business has the advantage of being able to leverage a National ‘brand name’ without the ties of an existing franchise allowing any purchaser the flexibility of development ‘as is’ or to bring the location within their own brand rollout.
The combination of flexibility, staff independence and existing size would also make this an ideal income investment.

Is within two minutes of one the country’s major trunk routes, is on a main road serving one of the region’s fastest growing towns and feeding the out of town retail parks. It already has passing vehicle traffic rates of 13000-15000 per 12 hour work day.

Formed from three adjacent units all with three storey height, all are modern and in excellent condition. Unit One is currently installed with self storage infrastructure, Unit Two is used for longer term and commercial storage and Unit Three is currently sub-let producing a useful revenue stream.

The total net lettable area of all three units will be the equivalent of 30,000 sq feet.

Years established: 18

Property: Freehold

Location
Is within two minutes of one the country’s major trunk routes, is on a main road serving one of the region’s fastest growing towns and feeding the out of town retail parks. It already has passing vehicle traffic rates of 13000-15000 per 12 hour work day.

Expansion potential
There is an excellent opportunity to fully develop the self storage business. The removals business also has high gross margin commercial contracts that could be leveraged through greater geographic coverage.

Competition / Market
There are none of the large and nationalay branded self storage chains within 20 miles.

Reasons for selling
retirement

Financing available
The current economic situation has, of course, made access to funding a little more difficult for most people, however Equittex have direct access to a number of mainstream and alternative funding providers and partners.

Related website: www.equittex.com

Related documents

		000179c Sales Memorandum