Internal Ref: 6960911
Summary
Twelve vehicles, three forklifts and 178 storage units owned outright, nothing on finance. Storage fees of $245k are invoiced monthly in advance, and 80% of enquiry arrives without paid advertising.
Revenue
$1,954,684 pa
Rent
$230,128 pa
Net Profit
$430,814 pa
Location Details
Operates across the Hills District and north west Sydney from two leased industrial sites about thirty minutes apart.
Potential
Paid acquisition has never been switched on, in a business where 80% of enquiry already arrives unpaid. About 60 storage modules are flat packed for want of yard space and a further 41 are held off site at a cost of about $49,200 a year, so more yard converts equipment the business already owns into income. Commercial and B2B work is about 20% of revenue and is the owner's own nominated growth avenue. The postal mail out programme is run to fill quiet periods rather than continuously.
Skills
No industry licence is required to own the business. Trucks are driven on MR and HR licences held by the existing drivers. The estimating method is taught rather than intuitive and is written down for the handover.
Hours
Monday to Friday, with Saturday work by arrangement in peak periods.
Lease
Two sites. One runs to Oct 2027 with a further three year option. The other is on a renewal currently under discussion.
Employees
13 people, including the owner, 8 of them with five or more years of service.
Reason for Sale
The owner is 49, recently remarried, and wants to travel while he is young enough to enjoy it. His children do not want the business. He holds a second transport business, run with a partner, which performs well on considerably less of his time. He will stay for up to twelve months to hand over, and longer if that is what the incoming owner needs.
About the Business
A household removals and portable storage business operating across the Hills District and north west Sydney from two leased industrial sites. Thirteen people including the owner. The plant, the storage modules and the shipping containers are owned outright, and there is no chattel mortgage, hire purchase or vehicle finance against any of it.
Maintainable earnings are $416,947, being the average of FY25 and FY26 seller's discretionary earnings, which is the cash benefit to one working owner before any wage is taken. Storage fees were $245,576 of the total, invoiced monthly in advance. Trade creditors are nil and there is no debt in the business.
About 80% of enquiry arrives through repeat custom, past client referral and local real estate agents, and no search advertising has ever been bought. The storage book runs on equipment the business already owns, and 78% of storage customers have been in store more than a year.
The owner works 10 to 15 hours a week, takes no wage and draws dividends. An operations manager opens the yard and runs the day, an office manager holds bookings and customer contact, and a storeman services the fleet on site. The owner does most of the quoting, the estimating method is written down for handover, and the operations manager has already run the business unsupervised.
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