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8828NN NORTHAMPTONSHIRE L\H£59,950 REMOVALS & STORAGE

Asking Price: GBP 59950

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Business Location:	United Kingdom » Northamptonshire » NORTHAMPTONSHIRE

Category:	Services » Freight, Moving/Delivery

Description:

Advent Business Sales is pleased to have
been instructed to offer to the market this
extremely well established and popular
storage and removals business.
Originally established in 1946 and owned by
our clients since 1990, the business is only
now being reluctantly offered for sale as the
owner plans to retire.
The business has approximately 2,500 sq feet
premises which are almost exclusively used
for the storage of customers goods, both
short and long term. This part of the
business currently contributes £1000 per
calendar month on a regular basis with room
for improvement.
In addition, the business operates a removal
business, which is complimentary in nature.
The vast majority of work is generated with
minimal advertising with up to 80% of
removals being within a 20-mile radius of
the premises. They do however, have
removals to continental Europe.
The business has 4 vehicles which are
included in the sale price, these are:
Mercedes 13 T gross weight
DAF 7.5T gross weight
Sprinter (Luton type) 3.5T
Transit (Luton type) 3.5T
The business employs 2 part time staff who
are paid a retainer of 18 hours per week
each, only hours actually worked over 18 are
then payable.
Included with each van are sack barrows,
piano shoes, skates, stair climbers and
blankets.
REF: 8828 NN
TRADING HOURS
As required by customers
EXPANSION POTENTIAL
Whilst already a successful business, there is
still ample room to increase both sales and
profits further by:
1. Advertising more – very little is
currently carried out
2. Archive storage – this is very much a
growing market
3. Antique handling – a specialist
market which is thriving
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £100,000
Gross Profit: 60%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A large approximate 2,500 sq feet
lock up premises used for storage
only.
Side entry door as well as large
opening doors to allow for large
objects.
Parking for the 4 vans plus
additional 4 cars.
Secure locked gate access.
TENURE: Leasehold
Original lease: 1 year
Remaining lease: 1 year
Review every: 1 year
Rent: £7,500 per annum
We are advised that the annual business
rates are currently: £2000

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Financial Information:

Annual gross sales: (GBP)	100000

Yearly Revenue: (GBP) Total yearly sales revenue	N/A

Net Profit: (GBP) Total profit before taxes	N/A

General Information:

Business Area:

Year Established:	1990

Is Relocatable?:	No

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	No

Number of Employees:	2PT

No of trading hours:	As required by customers

Reasons for selling:	the business is only now being reluctantly offered for sale as the owner plans to retire.

Market competition and expansion:	Whilst already a successful business, there is still ample room to increase both sales and profits further by: 1. Advertising more – very little is currently carried out 2. Archive storage – this is very much a growing market 3. Antique handling – a specialist market which is thriving

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