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Residential and Commercial Removal Company

Undisclosed, London
Leasehold Price:
£1,000,000
Status
FOR SALE
Advert ID
217622
Reference
GI151 / Rightbiz

Residential and Commercial Removal Company
Ref. GI151
Location : South East London/Kent
Asking Price : £1,000,000

Purchased by the vendors in 1970, this business is one of the largest family run house moving companies in the South East. With a network of 100 estate agents who recommend their services to clients. The business offers house removals, relocation and storage services to both homeowners and businesses. Their services include house removals in the UK and worldwide removal with expert advice on packing, shipping and storage.

The business is highly profitable and has established itself as a leading company in this sector. The business has an excellent reputation and is well known for providing first class customer service to its clients. The business enjoys very high levels of referrals and repeat business, and has received many outstanding reviews and testimonals from past clients. The client base is built up of 85% residential customers and 15% commercial clients.

The vendor works within the business on a day to day basis and has a great team of employees which include 1 manager, 1 transport foreman, 1 secretary, 2 sales representatives and 16 operatives. The staff are fully conversant with the business’ techniques and are highly experienced, they are a real asset of the business.

The business is accredited and is a member of the British Association of Removers (BAR), FEDEMAC as well as the Road Haulage Association.

The business offers the following services:

• House Movers
• Domestic Moves
• Storage Facilities
• International Relocations
• Antiques Removals
• Large Items Removals
• Part Loads
• Packing Materials
• After Move Cleaning Services

The premises are leased and consist of a large yard for lorries plus c2,000 sq. ft. of offices and warehouse. Current Annual rent is £29,985 inclusive of rates.

The business hours are:

Monday – Saturday: 08:00-19:00

Key Strengths:

The business has many strengths including:

• Excellent client base
• Well established reputation
• Outstanding customer service
• Repeat business levels and referrals
• Highly reliable and trained employees
• Profitability
• Excellent profit margins

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.

Turnover c£1,250,024
Gross Profit c£788,934
Net Profit c£144,709
Net Asset Value c£190,000
EBITDA c£242,793 (before Directors’ drawings)

Asking Price:

The Asking Price of £1,000,000 is for 100% of the issued capital of the company, assuming Net Assets on completion of £190,000 (calculated on a zero cash-zero debt basis).

Support and Training:

The current owners would be happy to provide full training and support at handover.

Reason for Sale:

This is a genuine retirement sale.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler (e-mail:sales@turnerbutler.co.uk), telephone Head Office: 01895 256000.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Leasehold Price: £1,000,000
Tenure: Leasehold
Location: Undisclosed, London
Sector: Removal Businesses, Storage Businesses
Financials
Annual Turnover: £1,250,024
Annual Net Profit: £144,709
Key Features
  • Established Business
  • Retirement Sale
  • Unique Business
  • Company for Sale
  • Attractive Business
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: GI151 / Rightbiz

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