Profitable Warehouse & Storage Facility with Yards & Offices in Abingdon, Oxford for Sale
Abingdon, Oxfordshire
- Status
FOR SALE
- Date Submitted:
04/08/23
- Advert ID
517607
- Leasehold: £275,000
- Rent: £175,000
- Turnover: £324,526 (£6,241 Per week)
- Net Profit: £35,486 (11% Profit margin)
Key Features
- Accounts Available
- Established Business
- Offers Invited
- Owner Financed
- Price Reduced
- Prime Location
- Retirement Sale
- Small Business
- With Car Park
- Town Centre location
- Potential for Alternative Use
- Close to Local Amenities
- Attractive Business
- New Lease
- Fully Fitted
- Incentives May Be Available
- Adjacent to Multiple Retailers
- Company for Sale
Business Details
Warehouse Storage Facility With Yard And Customers In Abingdon, Oxford For Sale
A well kept refurbished warehouse and office building, fully racked accomdating 1400+ Euro pallets and floor space, 4 offices and two large yards
Size of Warehouse 17126sqft
Size of front yard 14200sqft (HGV Access)
Size of rear yard 15500sqft (no HGV Access)
Business is currently at 70% occupency and in profit, needs further investment of around £30k to get to 100% capacity, however customer base is there already, just lack of cash flow will not allow for further development at this stage.
Customer base our mostly in contract for at least 1 to 5 years, our lease has a ten year span in a LTD entity name that is debt free, so an easy business transfer is possible.
Assets of over £170k included in the sale.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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