The company’s main services include national and international relocation alongside the provision of storage solutions, with bespoke options available for private domestic and commercial clientele.
Operating predominantly on a regional basis, the company currently serves an estimated 200 active clients, approximately half of whom provide reliable, repeat business.
The shareholders are offering the company for sale to facilitate their plans for retirement.
Key Highlights
- Ongoing storage and shredding contracts in place, valued at approximately £230,000 per annum.
- A flexible business with the ability to offer bespoke solutions to clients across a varied range of industries.
- A member of the British Association of Removers.
- Operates from leasehold premises providing a large storage area, located close to key transport links.
- Key shareholder willing to provide a mutually agreeable handover period.
- Large scope for expansion, particularly via the implementation of additional marketing strategies.
Financial Highlights
- YE22 turnover of £525k with an adjusted EBITDA of circa £200,000.
- Nine-month management turnover in excess of £580k for YE23.
- Average gross profit margin of 59% achieved from YE19 to YE22.
- Adjusted EBITDA increased by 159% from YE19 to YE22.
