Summary

The sale includes the business, property and fixed assets Selling price : R143 million (yield of 9%) This long-standing business has been operating for more than 10 years with a strong market presence. This is a great opportunity for serious buyers keen to take over this established, profitable business. Contact our listing broker today - Michael Mey on 0829568260 for a confidential discussion. They offer a comprehensive service of self storage, document storage, collection and deliveries, parking facilities, general transport with reliable transport vehicles and trailers, moving, removal services, on-site shop for packing boxes, material, late payment fees management. With state of the art security, customers can be assured their treasured goods are safely stored.

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Fully describe the business's activities?

The sale includes the business, property and fixed assets.

They provide various storage solutions (self storage, document storage), collection and deliveries, transportation, parking facilities, a shop that sells packing and box accessories, mini moves and late payment fees management.

Enquiries are received via phone calls, email, WhatsApp, walk-ins, and clients are provided with a quote as per their specific needs.

How does the business operate on a daily basis?

Enquiries are received via phone calls, email, WhatApp, walk-ins, they provide a quote to facilitate multiple service offerings to clients

What Advertising/Marketing is carried out?

Word of mouth, google, advertising on social media platforms, bill board advertising

How could the profitability of the business be improved?

Solar on the roof
Offering insurance cover to customers
Increasing the rates, to market related prices

How involved is the Owner in running the business?

He is fully hands-on in running the business

When does the current lease end?

They have 2 companies, an Op Co and a Prop Co, pay rent to themselves - To be discussed at Due Diligence

What are the trading hours?

They operate 6 days a week, Monday to Friday between 08h30 am till 16h30pm and Saturdays 08h30 am till 13h00

What are the main assets of the business?

Premises itself
3 vehicles, 2.5 ton Isuzu Truck, 1.5 ton Toyota Truck, 1 ton Bakkie

Large box trailer

Large advertising billboard trailer

Trolleys, ladders, equipment and tools

Strengths?

Multi-story storage facility
Offering a collection and delivery service
Neat and secure facility
Affordable pricing

Opportunities?

Increasing the rates to market related pricing
Offering Insurance cover to clients
Solar panel on roof
Expanding more removals and moving services
Can open a shop to sell abandoned storage
Because of the reputation in the market, great franchise opportunity