Profitable Vehicle Rental and Self Storage Business in Wiltshire for Sale
Undisclosed, Wiltshire
- Status
FOR SALE
- Date Submitted:
22/09/22
- Advert ID
500742
- Leasehold: £150,000 (Stock at valuation)
- Rent: £70,000
- Turnover: £500,000 (£9,615 Per week)
- Net Profit: £150,000 (30% Profit margin)
Key Features
- Established Business
- Accounts Available
- Company for Sale
Business Details
Vehicle Rental Self Storage
The business operates within 2 sectors under one brand offering Car & Van Hire and Self Storage. The business has been run since 2010 and daily operations are run by the team without the need for Directors input. The business employees no family and all staff are independent and willing to push the business forward.
Sector. : Car & Van Hire and Self Storage.
Employees. : 3 full time - Director not involved in the business directly
Sole Director. : Does not get involved in day-to-day running and role is purely financial, asset purchases and asset disposal.
Reason for Exit: Capital required for new venture
Leasehold expires: 15/06/2028
Lease: £70k p/a in negotiation currently for rent review to last until term expires. It is looking at around £80k p/a
Financials as of the 2023/2024 accounts.
T/O. : £500K.
GP. : £288K = 58%
NP. : £150K = 30%
Adjusted NP. (removing directors' pay and associated) £185,000 = £37%
EBITDA. = £236K
Depreciation. = £51K.
Net Book Asset Value = £71K as it stands (changes monthly). Assets will be revalued and adjusted NAV (Net Asset Value) will be payable on completion in addition to the Goodwill price
The T/O is generally split equal between hire and storage
Happy to discuss any sensible offers; Guide £150K NAV (currently at £71k). Looking at quick sale.
Proof of funds will be requested before sending financial info
Listing Statistics
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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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