Self Storage Facility in Suffolk County, NY-33342

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$300,000 $214,031

Services: Moving & Storage

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RE: Self Storage Facility in Suffolk County, NY-33342 Broker: Joseph Stansky Esq
Owner Financing is Available!
$200,000.00 Down & $100,000 3 years @4%

Quick Facts

Asking Price: $300,000
Annual Revenue: $214,031
Net Profit: Not Disclosed
Cash Flow: $136,427
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 2
BBN Listing #: 51234447
Broker Reference #: 33342

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Business Overview:

Rare self- storage facility available for purchase.Established 23 years. Residential and commercial clients. 128 units plus basement partially rented to law firm for file storage. Five (5) different sized storage units plus some oddball configurations. Outside yard rental in gated, well lit yard. Full camera surveillance. Two part time employees plus semi absentee owner (approximately - 25 hours per week). 90% occupancy. Thirty (30) clients allow auto debiting each month-can be expanded. Gross and net revenue can be easily increased by providing what almost all other self-storage facilities provide: The sale of moving supplies likes boxes, tape, foam pellets, etc. Buyer can add U Haul rental. There is no local marketing, working web site and no social media. Owner has office space to sublet as well as seeking additional large file storage clients for lower level. Seller has 50 postal/mailboxes available for rent in main office. Sellers nets $136,000 after all expenses including building expenses of real estate taxes and insurance etc. With $400,000 down a buyer can net at least $62,000 after all debt service (at 4%), real estate taxes, insurance etc. $ 62,000 is a return of 15.5% on an investment of $400,000, before the buyer adds to gross and net revenue - and while he builds real estate equity. Property must be purchased with the business and is offered at $700,000 by Vested Realty Group. Contact broker Joseph Stansky for more details on this opportunity. We are looking for qualified buyers who will need approximately $400,000 to purchase both the business and property (put down $200,000 and finance $500,000 with a bank for the property). Seller willing to provide $100,000 of financing (with $200,000 down) toward the business. Proof of funds is required for a meeting with the owner.

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Reason for Selling:

Retirement and relocation.

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.

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