UK & International Domestic & Commercial Removals and Warehouse Storage
Location : Suffolk Coastal
Asking Price : £330,000
Turnover : £376,888
Net Profit : £22,349
Gross Profit : Undeclared
EBITDA : £66,000
Net Asset : £165,000
Premises : Freehold
Confidentially offered for sale
Asking price includes:
Turnover circa £376,888 per annum
Net Asset Value £165,000
Net profit of £22,349
Member of British Association of Removers (BAR)
European Movers Association (FEDEMAC)
All lorries are emisssion approved
On-going storage income
Many years of successful operation
Excellent opportunity to grow
This successful business was established in 1961 and has been under the current ownership since 1999. Run under management the business offers a complete removal and storage service for clients across the UK and Internationally, with a significant proportion of business emanating from Europe or overseas.
Work is undertaken whatever the distance using company vehicles and working weekends, if necessary, to meet all the client’s needs safely and efficiently. Run very much as a family orientated business the major percentage of work is from the domestic household sector with a small percentage of commercial work including antiques and fine art.
The business has many years of experience in the removals sector and also has secure storage facilities within the warehouse with around 300 purpose built containers on site. Packaging and storage can be provided to suit every need and produces around 50% of turnover and these regular payments represent excellent predictable income and a strong steady cash flow.
This business is justifiably proud of its reputation for giving great service and good value.
Investment has been made in a fleet of modern, fully licenced and insured removal vehicles and a skilled and professional workforce. Staff are extremely professional and offer an unrivalled, friendly service.
As such, this business signifies an excellent opportunity to acquire a removals and storage business with a profitable and successful track record, excellent growth and expansion prospects plus a superb reputation.
This business prides itself on its duty of care to clients and the very high quality standards of service it upholds, meeting all the stringent trading conditions required.
The success of the business is based on the professionalism, experience and dedication of its staff. The workforce pride themselves on their unsurpassed customer care, reliability and flexibility, making this business the number one choice for many clients. With highly competitive rates, the business has established an excellent reputation for exceeding expectations and meeting client`s individual needs, ensuring that all commitments undertaken are honoured.
With ongoing demand for services and storage there is an excellent opportunity to build on an excellent brand name. Being established for so long this business is in the enviable position of enjoying consistent organic growth. There is no doubt that bringing the company up to date with a more aggressive approach to sales and marketing could make a huge impact on business turnover and profitability. Marketing aimed at the commercial sector – both storage and removals could impact upon ongoing business considerably.
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 is financially stable and enjoys a strong order book including a considerable on-going income stream from storage.
Turnover is circa £376,888 with Net profit of £22,349 and Net Asset Value of £165,000. EBITDA £66,000.
The Asking Price of £330,000 is for 100% of the issued capital of the company, assuming Net Assets of £165,000 on completion (calculated on a zero cash-zero debt basis
The business works well with using almost zero marketing. There is an excellent website that is well designed and informative showcasing the services and professionalism of the company. Various methods have been used to promote its services in the past including social media/Facebook. Advertising is also taken out in Art Organisations and Art Centres plus company brochures are produced. Direct mailings are sent using mail shots to all current ‘for sale’ properties. Awareness of its services is also achieved with the sign written vehicles and strong word of mouth recommendation creating plenty of repeat business.
The owner owns the freehold so a new annual rent will be negotiated with the purchaser.
The business is geographically well situated on a site of approx. 1/3 acre with ample parking for all the vehicles.
Operating from purpose built state of the art warehouse premises of circa 7,000 sq. ft. there is also additional office space of circa 48 sq. metres. The eaves are approximately 8.2 metres high giving plenty of space for containerised and free standing storage. Over 300 purpose built wooden containers can be stacked up to 3 high in the warehouse that has security cameras, steel shutters, motion sensors, smoke and fire detectors and environmental monitoring, meeting all the latest requirements.
Monday – Friday: 8.30am – 5pm - by appointment at weekends
The business is very proud of its staff and unlike many competitors has a permanent team of drivers, packers and porters who have been loyal to the company for many years. All staff are trained in specialist packing techniques and the correct methods of loading removal vehicles. Run under management with little input from the owner staff includes
8 Full time staff
6 x drivers – 4 HGV and 2 smaller
2 x Administration staff
Occasional part time sub contract staff
The owner will provide any training the new owner requires to ensure a smooth transition of ownership.
Retirement EPC Energy Performance Rating `C` Please contact us for a copy of the EPC if required
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')
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