Business
Please quote reference B07689

CoGoGo are delighted to welcome to the market BH STORAGE LIMITED T/A Easy Storage, a highly rated and well established storage business based in Ringwood.

Our client first established the business in 2020, since then it has built up an excellent reputation during its many years of trading.

This business is now being sold, albeit reluctantly and with a heavy heart only due to our client moving abroad.

The company collects good and stores them for the customer then returns all items to the them once they are ready.

Easy Storage is a fast growing franchise, with our client owning an exclusive territory, covering the whole of Dorset, Hampshire, Wiltshire & Somerset.

Company Assets:

• 255 – Newly purchased Trafalgar & Rowlinson Storage Crates, (Pods)
• IVECO Daily 7.2T Truck – easyStorage designed box (2020)
• IVECO Daily 6.5T Truck – easyStorage livoried (2008)
• Commercially Leased Warehouse Unit, Ringwood, 3,755 sq ft (7-year lease, break in year 3)
• Currently – 275 Pods in Storage

Location
The business is based Crow Arch Lane Industrial Estate, Ringwood.

Premises
The business is based out of a secure industrial unit with ample 275 pods in storage and is 3755 sqft in size.

Tenure
We are instructed to sell the business on a Leasehold basis, with an original 7 year Lease in place.

The rent is £3700 per month.

Hours
The business trades when and as they have business.

Staff
The business is run and managed by our client plus 2 full time staff members.

Financial Profile
Accounting Period: 01 October 2021 – 30 September 2022

Turnover: £245,000
Gross Profit: £119,087
EBITDA: (£23,668)

Accounting Period: 01 October 2022 – 30 June 2023 (9 Months)

Turnover: £330,000 (Projected for 12 months)
Net Profit: £25,000 (Projected)