Featured Brokers
CONFIDENTIAL SALE
FOR SALE
17/03/23
510147
CR216 / Rightbiz
Business Profile:
This family owned company are acquiring land, designing, building and marketing flexible storage, office and work spaces in upcycled and converted containers.
The company’s vision is to provide affordable and customisable work space solutions for all types of businesses from start ups to established businesses.
The team create vibrant community spaces which usually including a café, toilets and meeting spaces.
The business has a novel way of creating inspiring storage and work spaces by converting and upcycling used shipping containers. These are typically 8ft wide by 20ft long and are completely refurbished and fitted with aircon, heating and Wi-Fi. Each space can be adapted according to the clients needs.
Key Strengths:
Prime Locations
Vibrant Communities
Strong Marketing Assets
Flexible Storage, Office and Work Space
Management Team
Excellent Return on Investment
Strong Environmental and Sustainability Credentials
Growth and Expansion:
The concept has been extremely well received by planning authorities and businesses and the demand for units is currently exceeding supply.
There is considerable growth opportunities on this particular site as well as other future sites.
Advertising:
The company has a dedicated website, social media presence and marketing brochures for prospective tenants.
Employees:
The overall business concept is supported by 7 staff including:
3 Directors (Managing)
1 General Manager
1 Marketing Director
1 Finance Manager
1 Operations Coordinator
This particular site needs one part time manager only but the overall team would be available for an orderly site handover.
Site Profile
The site is currently leasehold and is located on a small industrial site 30 miles from Central London adjacent to a leisure park and retail park and within close proximity to the main motorway intersection.
The site is run from two adjacent areas with easy access and parking.
Annual leasehold rent is £25,000 per annum.
Site A comprises:
17 x 20ft offices
3 x 40ft offices
1 x ladies and gents’ toilets facilities
Site B comprises:
14 x 20ft container storage units. These are self contained and lockable within a steel framed composite clad modern building.
All offices are fully insulated and heated. Both sites ae easily accessible and have parking.
Asset List and Approximate Values
17 x 20ft offices @ £14,000 each = £238,000
3 x 40ft offices @ £16,000 each = £48,000
14 x 20ft storage containers with cladding, lights ,roller shutter doors £4,000 each = £56,000
1 x 20ft men / ladies’ toilet facilities = £4,000
Total assets: £346,000
A complete asset list is available.
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.
Estimated Annual Turnover £180,000 assuming full occupancy
Estimated Annual Net profit £130,000 assuming full occupancy
The Asking Price of £500,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of £500,000 assumes a Net Asset Value of £346,000 with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark Net Asset Value of £346,000.
Reason for Sale:
The directors have a clear plan over the next 5 years to acquire and develop multiple sites which is their key strength. Once the sites are established the existing owners would like to sell the sites and not be involved in the long term day to day management of sites.
Support and Training:
The existing directors and shareholders will provide full support and training to any purchaser for an agreed handover period.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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