Business for Sale Overview:
Absentee owner business opportunity! Average weekly time commitment of five hours leaves time to pursue other interests. All fifty four (54) storage units and three (3) commercial buildings are leased. Demand for storage units in this growing community is more than the business can supply. Excellent expansion potential on land that could be developed with an additional forty four (44) more storage units. Based on the first six months income/expenses for 2009, the projected income will be $57,657. The owner currently occupies 2 units. The new owner could lease these and realize additional income of $4,800/year. This will bring the projected gross annual income to $62,457.00.
The projected expenses for 2009 are $12,500. The net income of $49,957.00
(at a cap rate of 7.5) was used to arrive at a listing price of $670,000.00 which includes all assets.
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:
Included in the Asking Price:
Furniture, Fixtures & Equipment: $17,550
Real Estate: $335,000.
Financing: Seller will carry back financing for a qualified buyer.
Support/Training: No training will be necessary.
Market Competition and Expansion:
Demand for storage units in this growing community is more than the business can supply. Excellent expansion potential on land that could be developed for additional building and/or more storage units.
Reason for Selling:
Retirement.
Additional Details:
- The property is owned.
- 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.