Business For Sale

Niche Storage Facility - 31578

Not Disclosed, NJ
Middlesex County

Asking Price: Annual Revenue:
$5,000,000 $1,850,000

Wholesale/Distribution: Non-Durable Goods

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RE: Niche Storage Facility - 31578 Broker: Seller of Business
Owner Financing is Available!
$3,000,000.00 Down & $2m over 7 years @ 5%

Quick Facts

Asking Price: $5,000,000
Annual Revenue: $1,850,000
Net Profit: Not Disclosed
Cash Flow: $763,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 9
BBN Listing #: 91824447
Broker Reference #: 31578

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Business Overview:

Niche Storage facility for the food and drug industry. Started in 2016 is now at capacity with pallets in the aisles. Landlord will to build new storage facility nearby for existing or new buyer. 25,000 square feet with 2,500 pallets vertically-5 pallets high and another 1,000 pallets in aisle when needed and 500 in another location for a total of 4,000 pallets. Runs semi- absentee.A shortage of these facilities exists. Revenue from handling per pallet and straight storage. Owner is well known in the industry and will assist and consult with buyer to keep facility at full capacity. Accounts receivable are 100% collectible. Full pallets- no pick and pack. SECOND REVENUE STREAM JUST ESTABLISHED: Seller took over management of another storage facility 37,000 square feet. Seller manages the facility and the property owners 500 pallets in return for rental and use of 2,000 other pallet positions. Seller does not pay utilities, rent, electric or equipment costs- Just Labor costs ($8,000 months). Seller will gross $30,000 per month & net $22,000 per month or $264,000 annually. Seller seeks $1m of the $5m asking price for this second revenue stream business which will be contingent upon written lease /management contractor or assignment to the new buyer and a proven one year net income in due diligence 12 months after closing. These gross & net income projections are included in the listing business profile. PROOF OF FUNDS and BUSINESS BACKGROUND is required for name of this business and meeting with the owner. NO BANK financing by buyers will be considered- seller will provide generous financing for qualified buyers. Contact broker Joseph Stansky for more details.

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Reason for Selling:

Other Businesses.

Additional Details:

  • The property is leased.
  • The owner is not 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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