This business is being re-advertised and will be discounted from the original price to £695,000 due to personal circumstances, but will not be offered with Vendor Finance. This business provides a wonderful opportunity to acquire a profitable storage facility positioned to all the main roads into the City of Exeter, but further a field to the M5, A30, A303 and A38. The business has significant opportunities to further grow the revenues through increasing rental spaces and pricing.
The facility is a hub for small and larger size businesses as well as a facility for storage to the General public. The site can be owner operated, and the buyer will be in a position to duplicate which is a very successful business further afield into different locations.
The business was officially opened on December 1st 2020, and from a standing start will exceed revenues above £440k. We have blue chip clients on various Licenses and a long term lease inside the Landlords and tenants act.
The business has it's own marketing and also it's own separate website which will only enhance it's position on Google.
- Asking Price:
- £695,000 Furniture / Fixtures included
- Turnover:
- £440,000
- Net Profit:
- £218,000
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
to 2034, with additional years if required to a Landlord that rents only, and is inside the Landlords and tenants act.
- Leasehold Rent:
-
£170,000 per annum
- Living Accommodation:
-
N/A
- Location:
-
Storage Facility on a leading Industrial Estate In Exeter.
- Premises Details:
-
2.6 acre Fully secure Storage facility, with open storage, offices and Warehousing
- Size in square feet:
- 111,800 sqft
- Planning Consent:
-
B8 open storage and Warehousing and offices
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Easily duplicated to use on additional sites.
- Competition / Market:
-
N/A
- Reasons for selling:
-
Shareholders retirement sale
- Trading hours:
-
7.30am to 5.00pm Monday to Friday
- Employees:
- One
- Years established:
- This site, nearly 6 years as a business as a whole 20 years
Other Information
- Support & training:
-
We will work closely with the new owner for a handover up to three months, but available should we be needed for advice beyond that period.
- Financing available:
-
Due to the price decrease, we will NOT be offering up Vendor finance on the purchase. This will be a straight asset and goodwill business sale, with TOGC qualifying, and will complete with all legal documentation and website.
- Furniture / Fixtures value:
- £400,000 - included in the asking price
- Inventory / Stock value:
- £500
- Website:
- Login or register to view link
- Relocatable:
- This business can be relocated
