Paignton
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Long Established and Profitable Removals, Storage and Self Storage Business
- Superb Trade Reputation - Longstanding Brand Strength
- Profitable, with Scope for Further Growth
- Operating from a Quality Purpose Built, Professionally Fitted Warehouse
- For Sale Due to Retirement
Description
BRT Removals and Perrymans, Paignton are two combined businesses, well established and family run in the removal and storage industry, serving South Devon and the wider UK, for over 75 years.The businesses have been built on an excellent local reputation for domestic and commercial removals, containerised self storage solutions and specialist piano and fine art transport. The combined operation benefits from a strong local branding, a well maintained vehicle fleet, experienced staff and a local, repeat and referral customer base, making it a trusted choice within its marketplace. The combined businesses generate a stable annual turnover providing a strong scalable platform for a new business owner. Assets include a range of vehicles, fully fitted warehouse or self-storage containers, handling equipment etc. There are clear opportunities for growth through increase online marketing and local contract work. The business is for sale due to retirement and offers a turnkey opportunity for those seeking to require a respected removals and storage business with a deep local root and reliable, scalable cash flow.
ACCOMMODATION
UNIT 12 TORBAY BUSINESS PARK
GROUND FLOOR AREA
Approx. 342m2 (3,676 sq ft).
FIRST FLOOR
Approx. 311m2 (3,353 sq ft).
With office accommodation, WC and Kitchen.
The vast majority of the unit is fitted out as a container storage facility with 60 quality and accessible units.
OUTSIDE
The unit has the benefit of ample vehicle parking.
TENURE
The unit is owned freehold by the operating company (Read Holland Ltd) consideration would be given to a purchase of the business that offered the unit on an occupational lease further than a sole freehold.
STAFF
Three Fulltime Removal Staff (plus a director). Further staff are called upon ad hoc when busier times require.
Four Part-Time / Shared-Time Office Staff (including a director).
TRADE
Abridged Profit & Loss Accounts for the last 3 financial years is available to bona fide applicants.
TURNOVER (Total) £345,567 £399,109 £476,206.
REMOVALS TURNOVER £227,978 £250,519 £310,387.
STORAGE TURNOVER £117,588 £148,590 £165,819.
ABRIDGED NET PROFIT £74,024 £104,540 £126,811.
BUSINESS RATES
2023 List: £24,500
Please note this is not Rates Payable. Rates Payable will be approximately 50% of this figure but may vary from occupier to occupier. Interested parties should make their own enquiries with the Agents.
FIXED ASSETS
Business equipment includes Vehicle Fleet, 60 self-storage units etc.
A comprehensive inventory of all assets included in the sale will be made available to seriously interested parties at our client's discretion.
STOCK
Which comprises mainly cardboard boxes, tape, bubble wrap etc. Usually to the value in the region of £1,000.
GUIDE PRICE
Offers in the Region of £675,000 plus stock at valuation. For the business, goodwill freehold property asset and fixed asset and inventory.
METHOD OF SALE
The seller would give consideration to selling the business on a goodwill and fixed assets basis or alternatively a company share transaction - subject to circumstance and accountants advice.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VAT
The property is VAT registered, as is the Going Concern Business. The transaction is likely to be shielded from VAT, as a Transfer of Going Concern.
EPC RATING C
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths.
Interested parties are advised to be sensitive and respectful to our clients ongoing business.
Energy Performance Certificates
Energy Performance CertificateBrochures
Paignton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paignton Station1.9 miles
- Torquay Station3.9 miles
- Torre Station4.6 miles
Notes
Disclaimer - Property reference 12714724. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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