in Neston

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £225,000 Price Reduced Annual Turnover: £386,000 Annual Net Profit: £40,000
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Business Description
Storage & Removals Business. Superb, high-eaved storage warehouse (buy or rent to buy) with 350 containers and self-storage potential. Great staff, vehicles and reputation.

Established in 1990, A Smooth Move and Store provides a quality removal and storage service for clients on The Wirral.

The majority of removals work is from the domestic household sector with a small percentage of commercial work.

The business has many years of experience in this removals sector and also has 8200 sq ft high-eaved secure storage facilities with around 350 Removals industry standard containers plus 10 steel units.

Storage income produces about £150,000 per annum and these regular payments represent excellent predictable income and a strong steady cash flow. Although there are seasonal changes the storage warehouse is frequently at 80% or over capacity. The storage portfolio is made up of a small percentage of trade clients, but the majority are personal clients at good non-discounted rates. It would be possible to reduce the size of the removals business but maintain the storage base and also move the storage to a more self-storage model rather than standard container based type, thereby reducing staffing costs.

Smooth Move and Store gives great service and value and is proud of this. 
Investment has been made in a fleet of decent, fully licensed and insured removal vehicles and a skilled and professional workforce. Staff are extremely positive and offer an exceptionally friendly and caring service.

As such, this business is an excellent opportunity to purchase a removals and storage business with a profitable and successful track record, excellent growth and expansion prospects. 

Customer Service:
This business prides itself on its personal service and the very high quality standards of service. It takes time with clients and is rewarded with a great local reputation.

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 friendly approach.

The business has been in "cruise mode" for a number of years, fulfilling the owners needs but not pushing itself. An alternative, more dynamic approach to sales and marketing could have a significant impact on business turnover and profitability.

Financial profile:

The business is financially stable with excellent accounts over many years by the same reputable accountants. Income includes a considerable on-going income stream from storage.

Turnover is circa £386,000 with EBITDA £121,178 (2016). The business is currently run by the owners and remuneration details etc allowing a more precise accounts knowledge with be available to interested parties via there accountants Guild Appleton.

Property information
Freehold (£525,000) or Leasehold (negotiable and reasonable and we would be willing to look at offering the right purchaser an option to buy)
Lease Terms:
The owners owns the freehold so a new sensible annual rent will be negotiated with the purchaser.
Premises Details:
The business is well situated in a pleasant location on a site of approx. 1/2 acre. Whilst not on a main road location it does have the advantage of advertising to regular traffic visiting the local recycling centre.

Operating from purpose-built warehouse premises of circa 8200 sq. ft. there is also additional office space of circa 400 sq. ft. The eaves are approximately 9 metres high giving plenty of space for wooden containers to be stacked up to 3 high in the warehouse or self-storage to be 3 floors. The warehouse has perimeter fences, security cameras both inside and out, steel shutters, PIRs and fire detectors, meeting all the latest requirements.

Business Operation
Competition / Market:
The business uses a variety of methods to gain business. Awareness of its services is also achieved with the sign written vehicles and strong word of mouth recommendation creating plenty of repeat business. There is a good track record of maintaining turnover and growth potential which can be discussed with the current owners.

Reasons for selling: Retirement. Time just caught us up!

Trading hours: Monday – Friday: 9.00 am – 5pm. We tend to answer/check phone calls on Saturday morning. Saturday is worked every couple of months by 2-3 staff and just occasionally (for a long storage rental) we will open up to take in fresh storage.
Employees: 08
Years established: 28
Other Information
The owners will assist with training the new owner requires to ensure a smooth transition of ownership.

With comprehensive "handover" training this business and a very sensible price, Smooth Move and Store offers a great opportunity to both Industry insiders and "Newbies".

Those with Removals and Storage industry experience will easily recognise it as the thriving, strong Removals and Storage business it is. Turnover is roughly split 50/50 between the two sides, with an active Removals side, built on years of local trade, feeding a healthy storage side, with the 350 containers often being 85% full. This is backed up by many years of good accounts from the same reputable Accountants. A visit to us will quickly prove we are what we are and with the right leader in place there is definitely a great opportunity.

Those looking for a new opportunity will be well rewarded by further investigation. It's surely a daunting idea to enter a new area with little or no experience. But one great thing about this area is that anyone with some get up and go can do it! And how much better it would be with a hefty start by buying a well-established local brand at a very sensible price. The purchase price should easily be recouped in a sensible number of years and then the profit potential is good, with some fairly easy expansion definitely possible.
Tenure: Freehold

Listed by: Bizdaq

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