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Removals and storage specialist in prime location with established client relationships

Undisclosed

CONFIDENTIAL

  • Leasehold: Price on Application
  • Turnover: £625,000 (Ā£12,019 per week)
  • Profit: On request

Business Details

Removals and storage specialist

The company provides comprehensive residential, commercial and industrial removal and storage services, operating throughout London, Kent and Essex.

Having established a particular prominence within the social housing market, the business benefits from long-term relationships and high repeat appointment rates from housing providers and local authorities in the region.

The company’s strategic location places it in close proximity to various housing development and regeneration schemes, which are expected to boost demand for its services over the coming years.

The business holds numerous accreditations, including from the British Association of Removers (BAR), SafeContractor and Which? Trusted Trader.

Our clients are offering the business for sale to facilitate retirement. Offers invited.

Key Highlights

- Operates from 11,000 sq ft premises close to various motorways, A-roads and other transport links; the site includes large storage facilities that support this service.

- Strong, diverse client network, with some relationships spanning over 30 years.

- Proficient team of in-house removal operatives, surveyors, co-ordinators and container supervisors.

- Employees in place who could be promoted and take on greater responsibility.

- Assets worth £186k, including removal vehicles, storage containers and staff facilities.

Financial Highlights

- YE26 management turnover of £616k.

- Generated a YE25 turnover of £625k, with an adjusted EBITDA of £214k.

- Often retained as the go-to service provider in its locality, underpinning its recurring income.

- Four current, multi-year projects for existing social housing clients are worth £735k combined (to be delivered over the coming years).

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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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