Location: South East
Asking Price: £3.2m
Business highlights include:
Annual Rental Income £508,000
Net Assets £2.2m
Freehold Land Included
Superb Profit Margins
Excellent Occupancy Rates
Site Manager in place
Huge potential for further growth
Business Profile:
This family owned company are acquiring land, designing, building and marketing flexible office and work spaces in upcycled and converted containers.
The company’s vision is to provide affordable and customisable work space solutions for all types of businesses from start ups to established businesses.
The team create vibrant community spaces which usually including a café, toilets and meeting spaces.
The business has a novel way of creating inspiring work spaces by converting and upcycling used shipping containers. These are typically 8ft wide by 20ft long and are completely refurbished and fitted with aircon, heating and Wi-Fi. Each space can be adapted according to the client’s needs.
Key Strengths:
Vibrant Communities
Strong Marketing Assets
Flexible Office and Work Space
Management Team
Excellent Return on Investment
Strong Environmental and Sustainability Credentials
Prime Locations
Growth and Expansion:
The concept has been extremely well received by planning authorities and businesses and the demand for units is currently exceeding supply.
There is considerable growth opportunities on this particular site as well as other future sites.
Advertising:
The company has a dedicated website, social media presence and marketing brochures for prospective tenants.
Employees:
The overall business concept is supported by 7 staff including:
3 Directors (Managing)
1 General Manager
1 Marketing Director
1 Finance Manager
1 Operations Coordinator
This particular site needs one part time manager only but the overall team would be available for an orderly site handover.
Assets:
The business owns the freehold of the site which is approximately 0.45 acre.
Also included in the sale are:
52 Offices (Converted Container Units)
1 x PO Box (virtual offices)
2 x Toilets
CCTV
Gates
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.
Estimated Annual Turnover £508,800 assuming full occupancy as follows:
PO Box with 560 addresses with annual charge of £240 each = £134,400 per annum full
52 offices with average annual rent each of £7,200 = £374,400 per annum at full occupancy
The Asking Price of £3.2m is for 100% of the issued capital of the company including Net Asset Value. The asking price of £3.2m assumes a Net Asset Value of £2.2m with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark Net Asset Value of £2.2m.
A complete asset list is available.
Reason for Sale:
The directors have a clear plan over the next 5 years to acquire and develop multiple sites which is their key strength. Once the sites are established the existing owners would like to sell the sites and not be involved in the long term day to day management of sites.
Support and Training:
The existing directors and shareholders will provide full support and training to any purchaser for an agreed handover period.
