This Company has been trading for over 15 years and has been a regular award winner for its services. Based within 50 miles of Central London, the Company is positioned in a densely populated catchment area.
Providing mainly domestic removals services, utilising its fleet of fully liveried vehicles, it has built up a strong reputation for its quality of service, which has very strong ranking on the Removal Approval website. It handles around 40 moves per month and offers full packaging and storage services. The Company primarily targets its home area but provides full nationwide services if required to do so. It holds and maintains National Guild of Removers and Storers certfication and is registered with the Removals Industry Ombudsman Scheme.
Operating from a detached building comprising a modern warehouse with a single storey office unit to its side, the company is conveniently located for the local major road networks and has excellent access and parking facilities. The 2-level, fully secure, storage warehouse is of some 6,000 sq. ft. and can house up to 200 storage containers. It typically runs at over 90% utilisation of this storage space.
The Company derives good levels of business through personal referrals, but also promotes itself through the following channels:
- Google Adwords campaigns
- Via its recently updated website
- Facebook business page
- On-line Reviews
- Estate Agents, Solicitors, letting agents’ referral programs
- Bespoke promotional brochures
Using specialised removals software for its CRM, which allows full lead tracking and management of every customer interaction, the Company also ensures that all customer home visits are conducted by professional uniformed staff using computer tablets.
The current year is expected to see sales of c. £450k with an adjusted EBITDA of c £70k. 2018/19 is prudently forecast to produce equivalent numbers of £500k and £100k. The owners believe that there is significant growth potential for the Company, certainly to see turnover rising to above £1M in the medium term.
The Guide Price for the business is £245k for 100% of the shares of the business debt free, cash free. The current owner will provide appropriate handover support.