Sell a Business!
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Louisiana Business For Sale |
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| MINI STORAGE WAREHOUSE |
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| Attn: Art Chauvin |
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| New Orleans Suburbs, LA, USA |
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| Asking Price: |
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$2,200,000 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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1999 |
| # of Employees: |
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1 Full Time |
| Yearly Revenues: |
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$230,000 |
| Yearly Cash Flow: |
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$180,000 |
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Business for Sale Overview:
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Very nice mini storage warehouse is just 9 years old. It has very high occupancy. It is located in a nice size suburban city a few minutes and a few miles from a major metropolitan city. Because of Hurricane Katrina, mini storage demand in this region exceeds capacity. This assures near 100% capacity now and into the foreseeable future.
The storage complex consists of: 62 climate controlled units, 189 regular units, 40 open air parking spots, an office (20 X 30) and a storage garage (26 X 30). There is approximately 48,000 square feet of buildings. Warehouse has a full time manager that works Mon-Fri.
Rental rates appear to be below regional averages and could most probably be raised at least 5%-10%, possibly 10%-20% without losing occupancy. And all of this extra income would go straight to the bottom line.
Seller is ready to retire and is motivated to sell. Seller is open to substantive offers. Seller will seriously consider and promptly respond to all reasonable offers. Seller will consider some seller financing for a qualified buyer.
Business is located in a fast growing pleasant community to live and work. As a result of Hurricane Katrina, future growth of the community is expected to be phenomenal. Business is on the main high traffic four lane highway through town. It has great visibility. Come see this very nice business and property. We promise you will be impressed.
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Property Features and Assets:
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48,000 square feet. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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