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Asking Price$492,735
Revenue$562,746 Established1961
Cash Flow$33,370 Employees8 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
UK & International Domestic & Commercial Removals and Warehouse Storage
Ref.GI047
Location Suffolk Coastal
Asking Price £ 330,000
Leasehold

Asking price includes:

Turnover circa £376,888 per annum
Net Asset Value £165,000
Net profit of £22,349
EBITDA £66,000

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
Sign-written vehicles
Excellent reputation
Website
Goodwill
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.
Facilities: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.
Competition: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.
Training/Support:The owner will provide any training the new owner requires to ensure a smooth transition of ownership.
Sale Reason:Retirement
Ad #70396
Seller Reference #GI0417
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Contact This Seller
Turner Butler
0044 1895256000
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