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Finance And Services:

Commercial Property For Sale. Storage Business

LISTING DETAILS
Firms For Sale ID:
35158
Vendor reference:
GI053
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£1,250,000  
Turnover / revenue:
£200,000
Net profit / cashflow:
Undisclosed
Years established:
11
Trading hours:
Office hours Monday to Friday: 8:00am Ė 4.00pm The site is open to customers from 6am-10pm 7 days a week via electronic entry.
Number of employees:
2
Employees / staffing:
There are 2 staff including: 1 One Manager 1 Part time Assistant

OTHER DETAILS
Reason for selling:
This is a retirement sale.
Support and training:
The existing directors and shareholders will provide full support and training to any purchaser.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
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, RVís, boats, and trailers as well as flexible office facilities with dedicated parking.

Expansion Potential
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.