Storage Business

Ref No: GI053 Location: Essex Asking Price: £1.25m Business highlights include: An outstanding opportunity to purchase a storage business Well Established client base Freehold Property Expansion opportunities Office space, commercial units, container storage Self-storage inside and outside hardstanding Flexible options from 10 square feet to over 1000 square feet Excellent location in rapidly growing area for further storage demand. Freehold 1.3-acre site with 106 containers Secure Palisade Fencing Highly secure with electronic entry and 24-hour SECOM CCTV Consistent and increasing turnover circa £200,000 p.a. Business Profile We are offering for sale a very well-established business originally founded in 2010 to provide storage facilities to the local Essex region as well as further afield. The property has been owned by the shareholders for 40 years. The business has had an enviable track record of growth with an experienced operational team, consistent turnover, and profit margins. Demand is consistently exceeding supply at present and there is a large waiting list. The business provides easy access personal self-storage from 10 square foot to 600 square foot, individual units, or a combination to create flexible and more customer specific solutions. The site can also provide secure document storage and flexible office space in an lovely location. The owners have been running the company for many years and although reluctant to sell are now keen to retire. There are 2 members of staff employed across the business, one full time. Customers The business has a large and loyal customer base ranging from local individuals or families to companies storing a range of items both inside and outside. There is hard standing for caravans, RV’s, boats, and trailers as well as flexible office facilities with dedicated parking. Equipment All necessary equipment is in place to ensure the business can continue uninterrupted including computers, offices for management and packing and transporting stored items. There are currently around 106 containers for storage including 10ft, 20ft and 40 ft. Technology All necessary software (sage) and digital equipment are in place to run a successful storage business and a full inventory of equipment is available to all genuinely interested parties. Security This is clearly of paramount importance on any storage site. The property is fully secured with palisade security fencing, electronic gate entry system, Secom remote monitored security, On site video camera recording system, and physical on-site security day and night. Key Strengths With many years of experience in the business, the owners take pride in the reputation it has established gaining plenty of referral work by word of mouth and local advertising. The business is sited prominently and is well appointed with excellent transport links and in a super location to the main road and rail networks, (1 hour to London) The business has been set up and managed in such a way to require minimal day to day operational input from any new owners. Growth and Expansion The current site offers opportunities for further expansion of commercial units, flexible office spaces, storage containers. Further new building configurations could be developed subject to planning and to further enhance rental yields. There is a long waiting list of customers and further demand is coming from the newly developed 1000 residential homes close to the site. Advertising The business has been built on a word of mouth and has an existing loyal client base. There is further opportunity to develop the website and social media presence with further digital marketing, referrals and recommendations. Employees There are 2 staff including: 1 One Manager 1 Part time Assistant Business Hours Office hours Monday to Friday: 8:00am – 4.00pm The site is open to customers from 6am-10pm 7 days a week via electronic entry. Premises The business operates from prominent and well accessed premises in Essex. The site includes: Freehold 1.3-acre site (subject to survey) 1 x 6500 square foot building with 2nd floor of 4500 square foot 1 x 800 square foot building 106 storage containers @ average cost £1500 each 70 self-store units in main buildings. 7 rental offices main building. 1 large office and workshop. 2 self-contained offices with workspace. Currently 18 Motorhome/caravans on site Water and electricity pedestals are available. 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 has achieved a history of increasing turnover and profits consistently over 10 years. Turnover circa £200,000 p.a. Adjusted EBITDA circa £138,000 p.a. The asking price of £1.25m which includes net assets of c£850,000 is for 100% of the issued share capital of the company (calculated on a zero cash-zero debt basis). A complete asset list is available. There will be a £ for £ adjustment to the final sale price to reflect any movement at completion away from the stated net asset figure. Reason for Sale This is a retirement sale. Support and Training The existing directors and shareholders will provide full support and training to any purchaser.

For more information on Storage Business talk to Turner Butler Limited (Business Broker)