Warehouses for sale in England

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Refrigerated Warehousing

England

  • Freehold Price: £4,000,000
  • Annual Turnover: £1,700,000
  • Annual Gross Profit: £200,000
Seller Reference: EJ077
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Business Description
Seller Reference: EJ077
Request Details
Business Description
Location: East of England
Asking Price: Offers in the region of £4m
Business highlights include:

Freehold Property
44,000 sq ft of Warehousing Storage
Potential for further warehouse facilities
Rental Investment Business and Operational Potato Wholesale Business
On site Residential Freehold available by separate negotiation
Turnover circa £1.7m p.a.
Gross profit consistently in excess of £200,000 p.a.
Adjusted EBITDA circa £220,000 p.a.
Net assets including Cash at Bank £3.1m

Business Profile
We are offering for sale a very well-established business originally founded in 1983 to provide potato processing, storage and haulage.
The business has had an enviable track record of growth with an experienced operational team, consistent turnover and profit margins.
There are 11 storage units in total on the 12-acre site with state-of-the-art temperature-controlled facilities in 10 of the units. The 11th unit is used for potato processing and is not refrigerated.
The owners have been running the company from their premises based in East of England, but their client base covers both the East of England and London.
There are 3 members of staff employed across the business.
The business is well established, profitable and has enormous potential to grow further.

Services include:
• Refrigerated food storage warehousing
• Haulage
• Potato Processing

Customers
The business has a large and loyal customer base ranging from local companies storing potatoes to retail outlets in London where regular deliveries are made.

Equipment
All necessary equipment is in place to ensure the business can continue uninterrupted including computers, offices for management and potato processing equipment.
There are approximately 9,500 wooden potato boxes included in the sale

Vehicles
There are two 16 tonne vehicles included in the sale (2016 and 2018 registration), 3 Forklifts and 1 Hand Truck

Technology
All necessary software 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.

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.
The business is sited prominently and is well appointed. The business employs 3 fully trained and experienced staff. The site manager and HGV driver would be willing to continue post completion subject to agreement with the new owners.

Growth and Expansion
The current site offers considerable opportunities for further expansion of 6 stores with existing hard standing for 2 further stores and land for an additional 4 stores subject to planning permission. Planning permission was granted for a further 2 stores but has expired.
The site could diversify into other food or temperature-controlled storage.

Advertising
The business has been built on a word of mouth and has an existing loyal client base. There is further opportunity to develop a website and social media presence with digital marketing.
Referrals and recommendations.

Employees
There are 3 staff including:
1 Store Manager
1 HGV Driver
1 Operational Director

Business Hours
Monday to Friday: 8:00am – 5:30pm

Premises
The business operates from prominent and well accessed premises the East of England. The site includes 11 storage units, commercial office space and further space for expansion. There is also a residential property on site which is available for sale by separate negotiation but may be suitable for a site manager or operational director.

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 excellent turnover and profits consistently over 25
years.

Turnover circa £1.7m p.a.
Gross profit circa £200,000 p.a.
Adjusted EBITDA circa £220,000 p.a.

The asking price of £4m which includes net assets of c£3.4m 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.
Tenure:
Freehold
Support and Training:
The existing directors and shareholders will provide full support and training to any purchaser.
Listed by:
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