Business for Sale Overview:
The property is just outside of Birmingham, in Bessemer, AL. The facility is well maintained, clean, with excellent visibility from the 4 lane Super Hwy. that it is located on. Clientele is a mix of nearby residence and mobile home park tenants as well as from the US Steel plant within 5 miles, a US Pipe and Fitting plant (which is expanding), and UBA Hospital. There is roughly another 8 acres directly behind the current buildings that are well graded and ready for expansion. The facility is located just off of Interstate 20 and again, is located on a major thorough fare. The property is protected by a gate entrance way that closes at 9 pm. There is a manager on site in a manager's apartment that is one of the nicer ones we have seen. They currently are using QuikStor software for their management system and QuickBooks for their accounting.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
There are 156 units that are running at 98% occupancy. The $1,950,000 asking price is based upon the current facility at 9% CAP rate on existing cash flow plus the additional 8 acres. This property is extremely organized and well run and consists of 4 BETCO buildings of approximately 24,000 Sq. Ft..
Market Competition and Expansion:
There is not a lot of competition in the general area. It just so happens Uncle Bob's is right next door (The current owner sold property to Uncle Bob before opening up his facility). To the east of the facility there is some city expansion; however, to the west of the facility Bessemer is growing and upgrading. There is a 700 home development under construction within 5 miles and a new mall planned within 4 miles right off the interstate.
Reason for Selling:
Owner is retiring.
Additional Details:
- 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 resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.