Light Industrial for sale

Cleanco (Highland) Ltd, Unit 4, 20 Carsegate Road North, Inverness IV3


Offers over
£250,000
S.O.A.

Description

• Thriving and well-presented, specialist property maintenance business, in the heart of the Highland capital, Inverness.

• Set within the Carse Industrial Estate, located in leased, modern industrial premises, extending 114m2 plus a secure external yard extending to 149m2..

• Excellently equipped business with an extensive inventory of commercial vehicles and equipment.

• Popular business with year-on-year excellent turnover and high levels of profitability.

• Superb self-employment opportunity in a positive trading location with a sustainable business model plus significant growth potential.

Description
CleanCo (Highland) Ltd is a popular business with a vibrant trading history set within the ever-popular City of Inverness. Based in the busy Carse Industrial Estate amongst a wide range of other industrial and retail units, the business is set within an industrial unit extending to circa 114 m2 with external storage areas of around 149m2. The structure is of metal construction, set to a single storey with two up-and-over doors providing vehicular access and making for ease of deliveries etc. The industrial building has a reception counter adjacent to the main door, a staff area and a large disabled washroom. The main internal aspects are set to an open plan layout where stock and equipment is stored. The external areas are laid to concrete plus there is tarmac roads with parking bays. The property is currently held on a Highland Council Fri Lease and the sale includes the transfer of the lease and business as a going concern with all equipment / vehicles plus all intellectual property and goodwill included in the price.

Trade
CleanCo (Highland) Ltd is a well-established property maintenance business whose core activity centres arounds gutter cleaning, drain unblocking, drain surveys and repairs, pressure washing and steam cleaning, providing access platforms with qualified operators plus a wide range of other specialist cleaning services. The business operates utilising state-of-the-art equipment. CCTV cameras are employed to undertake surveys in enclosed pipes and drains. CleanCo (Highland) Ltd has a vast array of equipment and 2 industrial vehicles (daf Lorry B9CCO - 2008 model and daf D9CCO 2015 model) to meet the demands of their customers. Boasting a wide client base, including the Highland Council, nhs, roofing and construction companies, housing associations and many regular private clients, the business has a consistently high level of regular work. CleanCo operates with a small staff and is supplemented by the use of subcontractors. The operation has a strong and enduring reputation for high quality and efficient services. Consequently, much of their trade is generated through the on-going business relationships which have been nurtured over many years. In addition to this repeat business, the website plus word-of-mouth referrals generates new business activity without the need for active sales canvassing. However, there is undoubted scope to drive the business to a greater level, as demand for the services of CleanCo. Is regularly at a high level. The extant business generates a significant level of turnover and strong profitability, despite the vendors taking a more relaxed attitude to business in recent years.

CleanCo (Highland) Ltd would be a good business for new entrepreneurs, building upon the successful platform generated by the current owners. Likewise, it would present an expansion opportunity for another operator in an associated business in the field of building maintenance / property management / groundworks to add a diverse but complementary aspect to their operation. The sellers would be content to provide a level of handover and mentoring for new owners, should this be sought.

Staff
The vendors presently have the support of 1 full-time member of staff plus the use of casual and agency staff as required. This level of staffing would be adequate for new owners who wished to be hands-on operators. The business also operates with the support of subcontractors.

Location
CleanCo (Highland) Ltd is ideally situated, a few minutes' drive from Inverness City and is set within an industrial estate which has a high volume of business activity. The City of Inverness has extensive facilities for residents and visitors boasting 3 golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues. The history of the region is well-documented with nearby Cawdor Castle offering a taste of Scotland's medieval past while Culloden Battlefield and Visitor Centre is an ongoing testament to Bonnie Prince Charlie's final futile attempt to gain the throne in 1746. Inverness is an ideal base being within easy reach of a wide range of business opportunities. The City of Inverness has benefitted from much expansion over the past few years and has a full range of social and welfare facilities associated from a modern city.

Inverness is also a popular city in which to live with a vibrant cultural offering and the presence of many social and entertainment venues close-by. The city also has excellent communications links (bus and rail station, with the airport 15 minutes' drive away). Schooling in Inverness is plentiful plus the University of the Highlands and Islands provides a wide-range of tertiary level courses. The welfare amenities in Inverness are also excellent, with a major hospital plus many outreach services.

Reason for sale
The current Directors have operated their business for 34 years and enjoyed building it up to its current stature. Due to a period of illness and their desire to retire, they have reluctantly decided to present CleanCo (Highland) Ltd to the market.

The property
CleanCo (Highland) Ltd is a well-located business with excellent branding on both trading structures and vehicles. The industrial unit is of steel and brick construction with a pitched roof, extending to around 114m2 within a total site extending to around 263m2. The internal aspects of the building are essentially open-plan by design with the benefit of shelving and racking for storage of equipment and stock items. A front door leads to an office / reception area. Further in is a staff kitchenette and thereafter is a washroom. There is a rear door providing direct access into the secure storage yard. There are two up-and-over vehicle access doors to the front of the building providing ease-of-access for deliveries / despatches.

Adjacent to the main building is a lockable delivery and storage yard which can be accessed via a 6-foot padlocked gate or from the rear aspects of the building. There is adequate parking for business needs.

Business development
The business is presently operated on a restricted basis through the choice of the current owners, following a period of ill health. There is scope for new operators to expand the trading aspects significantly further, should they wish to increase turnover and thus profitability.

Services
The business benefits from mains electricity, water and drainage. There is an oil-fired heating system with supplementary electrical units. The building benefits from a CCTV security system.

Lease
The property is occupied under a Fully Repairing and Insuring Lease which commenced in 2015 and operates on an on-going basis with the Highland Council. A copy of the lease is available from the selling agents (ASG Commercial Ltd) to seriously interested parties. The lease is subject to 5-year rent reviews with the last one being conducted in January 2020 now presenting a passing rent of £11,250.

Categories

Light Industrial
Call
Property reference
CP56401_263