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| East Midlands Self Storage Company For Sale |
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| Advert Ref: 000179 |
| United Kingdom |
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| Business description | |||||||||
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| Established in late 2007 as a spin off from a very successful removals and storage business, the company now operates entirely independently and has built an impressive space in a key location in the East Midlands.
The space is fully operational with hardware and retail/MIS software in place. The site is following the business plan for occupancy and revenues and are now benefiting from local, and directory driven enquiries, with a new website recently created. The owners have created an uncomplicated business model based on excellent market research, location and proven infrastructure. The business has the advantage of being able to leverage a National ‘brand name’ without the ties of an existing franchise allowing any purchaser the flexibility of development ‘as is’ or to bring the location within their own brand rollout. The combination of flexibility, staff independence and existing size would also make this an ideal income investment. The Property is located within two minutes of one the country’s major trunk routes from which it is also visible, the property is on a main road serving one of the region’s fastest growing towns and feeding the out of town retail parks. It already enjoys vehicle traffic rates of between 13000 and 15000 per 12 hour work day. The property is formed from three adjacent units all with three storey height, all are recently constructed and in excellent condition. Unit One is currently installed with self storage infrastructure, Unit Two is used for longer term and commercial storage and Unit Three is currently sub-let producing a useful revenue stream. The total net lettable area of all three units will be the equivalent of 30,000 sq feet. Financial Information The business already produces revenues of around £15,000 per month with an expected EBITDA over the next 12 months of around £160k pa rising to nearly £400k pa within 36 months and with potential to reach £600k pa. | |||||||||
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| General information | |||||||||
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| Property | |||||||||
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| Freehold | |||||||||
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| Location | |||||||||
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| Located within two minutes of one the countries major trunk routes, the property is on a main road serving one of the region’s fastest growing towns and feeding the out of town retail parks. It already enjoys vehicle traffic rates of between 13000 and 15000 per 12 hour work day. | |||||||||
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| Expansion potential | |||||||||
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| The business has the opportunity to expand within its existing freehold footprint to produce around £390,000 of realistic maintainable earnings within three years | |||||||||
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| Competition / Market | |||||||||
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| None of the larger nationally branded storage companies operate within 20 miles | |||||||||
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| Reasons for selling | |||||||||
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| Owner Retirement | |||||||||
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| Financing available | |||||||||
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| Financing can be arranged subject to approval | |||||||||
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| This business for sale has a website: | |||||||||
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| www.equittex.com | |||||||||
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| Related documents | |||||||||
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| To find a professional adviser, click here | |||||||||
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