- Listing ID: 845563
- (Seller ref: 456179)
Real Estate & Storage Units Business For Sale
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Summary
- Asking price:
- $670,000
- Sales revenue:
- Available on request
- Cash flow:
- Available on request
Business description
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.
General Information
Year Established: 1992
Employees: 1
About the Sale
Financing: Seller will carry back financing for a qualified buyer.
Support/Training: Not training will be neccessary.
Reason Selling: Retirement
Asking: $700,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $17,550
Real Estate: $350,000
Gross: $57,634
Cash Flow: $45,990
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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