Sold. Freehold Domestic And Commercial Self Storage & Distribution Business With Full Removal Service

Freehold Self Storage company specialising in storage solutions for businesses and private clients.A wide range of 92 metal fabricated storage containers
Ref.GI036
Location Dudley West Midlands
Asking Price £ 259,950
In 2004 our client established the business with the primary reason to see him through to retirement. The business has grown out of all recognition culminating in a true walk in and trade business option.

The business operates out of its freehold premises on a modern and secure industrial estate, with good excess and quick links to the motorway networks; this gives the storage and distribution element a distinct advantage when pitching for new business. The premises are over circa 5000 square feet with a mezzanine floor increasing the total storage space to circa 10,000 sq ft. The premises have been totally refitted with 92 storage units ranging from circa 20 sq ft to circa 175sq ft; these are suitable for small items up to the larger units which have the capacity of storing the contents from a typical two bedroom house. All the steel fabricated units are fully lockable and secure with the addition of CCTV within the premises and CCTV covering the grounds of the industrial estate.

The company has a list of blue chip retailers that have long term storage contracts; these are based on a storage and re-distribution to the local stores. The business currently enjoys an 80% rental of the containers, giving the business flexibility to increase on its short term storage and distribution clients.

The business has a steady cash flow and low running costs, thus giving the new owners the ability to maximize on an already established and profitable base. The future growth can come in two areas. Our client informs us that the current rental rates are due to be increased in line with the competition. Plus the storage and distribution arm with an increased marketing campaign would see quick and profitable growth.

Expansion Potential
Growth and expansion can come from increasing the storage rates in line with the competition. Additional marketing targeting the storage and distribution service could increase turnover in addition to possibly expanding the current storage area.