Outdoor Storage Business with Real Estate in FL

Not Disclosed, FL


Asking Price: Annual Revenue:
$13,000,000 $835,197

Services: Moving & Storage


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RE: Outdoor Storage Business with Real Estate in FL Broker: Roberta Caputo
Owner Financing is Available!
To Be Discussed

Quick Facts

Asking Price: $13,000,000
Annual Revenue: $835,197
Net Profit: Not Disclosed
Cash Flow: $760,932
Total Debt: Not Disclosed
FF&E: $219,000
Real Estate: $13,000,000
Year Established: na
Employees: 1
BBN Listing #: 1874344
Broker Reference #: 3615

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Business Overview:

Profitable & highly sought after outdoor self-storage business with attached real estate included. High barrier to entry location, with minimal competition. Simply run operation, only one part-time employee. Automatic payments from customers each month. Many long term tenants in place. All nearby outdoor storage facilities are fully occupied. Current tenants paying below market rents, numerous ways to increase revenue significantly.

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Market Competition and Expansion:

The self-storage market was valued at USD $87.65 billion in 2019, and is expected to reach a value of USD $115.62 billion by 2025, registering a CAGR of 134.79% over the forecast period of 2020-2025. The growth in this industry is expected to be positive during the forecast period, owing to the trends of increased urbanization and improved economic outlook across the regions. Steady growth over past 3 years, continuing to trend upward. All long-term tenants are on steady rental rate increase of 3% per year, but still month to month. Tenants currently pay significantly below market rental rates.

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.

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