Business for Sale Overview:
This profitable mini warehouse business is located in a fast growing area of South Baldwin County. The operation shows a positive cash flow with a semi absentee owner. There is lots of room for improvement, as only 28 of the 54 units are rented. The owner moved out of the immediate area several years ago and has done no advertising or marketing of the units since. An involved owner with marketing savvy could turn this business into a higher occupancy operation and enjoy improved cash flow while the property appreciates in this area. Invest in this business and live near the Gulf Coast with sugar white beaches, clear blue water, championship golf, world class fishing, an excellent educational system, outstanding dining and shopping, one of the strongest local economies in America and many points of local interest.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This business is a mini warehouse storage operation with 54 units on a main highway frontage lot of 120 feet by 220 feet deep. The operation has sixteen 10X10 units and twelve 10X20 units. The property is enclosed by a chain link fence. The first units were built in 1992 and the last units in 2006.
Market Competition and Expansion:
Moody’s Research Group recently predicted that the Mobile / Baldwin economy would have the fastest growth rate over the next five years of all 363 metro areas in America! The groundbreaking for the largest steel processing plant in the history of this country was recently held in Mobile County, and the company will employ 29,000 workers for a 5-year period in the construction phase. And other new industrial development announcements are being made monthly. The Baldwin County market was recently ranked by Policom, a firm that studies local markets, as the 11th strongest micropolitan economy in America and the number one local market in the 6 state region! This is out of the 674 local markets studied by Policom. It is an exciting time to be on the Alabama Gulf Coast.
Reason for Selling:
Geographic Divestment
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.