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Multi Facet Storage Mailbox Unit Rental and Removal Business

Cambridge, Cambridgeshire
Leasehold Price:
£607,210
Status
FOR SALE
Advert ID
250163
Reference
B05575 / Rightbiz
Business
Hilton Smythe welcomes to the market C B Self Storage, a very profitable business which was established by our client in 2018.

C B Self Storage is an affordable, secure, clean, damp & dust-free, indoor storage rooms with 24/7 access. CB Self Storage, Cambridge, has purpose-built storage units, made mainly from recycled materials, ranging in size from 25 square ft up to 650 square ft.  The storage facility has constant monitoring via ‘state-of-the-art’ HD CCTV and fire protection linked to a central control room, giving clients complete peace of mind.

C B Self Storage also offers a Cambridge Business address, via the mailbox service, with a CB postcode & mailbox for mail also offering a free 01223 phone number forwarded to the clients mobile or landline.

The business also offers a removal service via removals partners who offer both packaging and removals for long or short stay storage.  The business also stock a variety of boxes, bubble-wrap, tape and other packaging materials. The boxes are removals grade, strong & secure.

The business has over 90% occupancy at any time with 6 x 25 2quare feet units, 36 x 35 feet units, 1 x 75 square feet unit, 16 x 110 square feet units, 1 x 140 square feet unit, 13 x 160 square feet units and a 650 square feet space. This area could be utilised further by placing many smaller units within the space. The average price per square foot paid is £22.00, which is much lower than other businesses offering the same service within the area.

C B Self Storage also has 2 office spaces that are currently let out to local businesses along with 5 parking spaces outside.

There is also scope for expansion of the mailbox service as there are currently 8 mailboxes with room for up to 30.

The business has 4.7/5* Google reviews and is being sold with a comprehensive website.

Our client currently spends about 5 – 10 hours per week at the business, as the business generally runs itself, the business can be run remotely and could be ideal for another storage company to take over or for an investor or semi-retired person to become the new owner of this profitable business.

Hilton Smythe highly advise early viewing to avoid disappointment.



Location
C B Self Storage is located in Bar Hill, Cambridgeshire.  Bar Hill is a town approximately 4 miles northwest of Cambridge and is easily accessible by the A14, and it is an area undergoing huge development with approximately 10,000 new homes being built approximately 1 mile away at North Stow.

C B Self Storage is located on a business park close to Tesco superstore and has 10 parking spaces to the front, some of these are being rented out to other local businesses.



Premises
Outside to the front of the premises is a parking area for up to 10 vehicles, a pedestrian entrance and a roller shutter entrance to the main storage area.

The pedestrian entrance takes you to an entrance lobby with an office space off and a door to an inner lobby.

The inner lobby has the post box area, under stair storage, toilets stairs to first floor and a door to the main storage facility.

The main storage facility has individual storage areas on 2 levels.

There are currently 64 storage areas being made up of

6 x 25 square feet storage units

36 x 35 square feet storage units

1 x 75 square feet storage unit

16 x 110 square feet storage units

1 x 140 square feet storage unit

13 x 160 square feet storage units

1 x 650 square feet storage area, this area is currently an open space and storage units could be added to create further revenue.



Tenure
We are advised the business is being sold as a leasehold business opportunity with a 7-year lease from 2018 and an annual rent of £42,220 including service charges.

Business rates are paid at £11,904 per annum



Hours
The site is open 24/7 with customers given access code details.



Staff
The business is run and managed by our client, spending up to 10 hours per week on the business.



Financial Profile
C B Self Storage generated a projected turnover of circa £148,601 in its first year of trading with a net profit of circa £88,693.

The assets being sold with the business are worth in the region of £40,000.



Listing Details
Leasehold Price: £607,210
Tenure: Leasehold
Location: Cambridge, Cambridgeshire
Sector: Removal Businesses, Service Businesses
Financials
Annual Turnover: £148,601
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Advert Reference: B05575 / Rightbiz

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