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Maryland Business For Sale |
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| STORAGE FACILITY IN HIGH GROWTH AREA W/REAL ESTATE |
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| Attn: Glenn Cunningham |
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| 'Not Disclosed', MD, USA |
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| Asking Price: |
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$3,200,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Moving, Storage |
| Reason for Selling: |
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Retirement. |
| Year Established: |
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1979 |
| # of Employees: |
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2 |
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Business for Sale Overview:
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Storage facility is located in a high growth area of the County, and has 98 storage units (85%-100% occupancy) and approximately 95 parking spaces (75%-90% occupancy) used primarily for the parking of trucks, motor homes, boats, etc. Comcast also built and rents a small structure on the property, used for housing of communications equipment. There are significant opportunities to increase revenue and develop the property.
Approximately 2-acre (128,609 square feet) plot zoned RMX 2 with 6 structures:
· One two-story residential house (circa 1901) with 3 bedrooms, 1- bathrooms, living room, kitchen, and office space (added in 2006).
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Four (4) one-story storage facilities (cinder block) containing 98 storage units. Of these 4 buildings, one structure was built in 1981, one was built in 1983 and two were built in 1985-1986.
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There is one other small structure, built by Comcast in 1998, which contains communications equipment and is subject to a 15-year lease, with an option to renew for another 15 years.
In addition to the owner, who works very part time, currently there is one (1) employee (a resident manager) who is compensated with a residence + utilities, and is there primarily in the PM to ensure security and emergency repairs/maintenance. Seller may hire one (1) other part time employee to handle walk-in rentals during the day.
Asking Price $3,200,000
(Price includes the Real Estate and all furniture, fixtures & equipment)
Gross Sales: $190,000
Business Established 1979
Full Time Employee 1 / 1 PT
Business Hours Monday- Sunday 6:30 AM 10:30 PM 365 days per year
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Additional Details:
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- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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