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Self Storage Facility In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$300,000 (USD)
Sales Revenue:
$214,031 (USD)
Cash Flow:
$136,427 (USD)

Self Storage Facility In Suffolk County, Ny-33342

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 (approx-25 hrs. 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 wellas 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 $400k 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$400k, before the buyer adds to gross and net revenue- and while he builds real estate equity.Property must be purchased with the business and isoffered at $700k by Vested Realty Group. Contact broker Joseph Stansky for more details on this opportunity. We are looking for qualified buyers who will need approx. $400k to purchase both the business and property (put down $200k and finance $500k witha bank for the property). Seller willing to provide $100kof financing (w/$200k down) toward the business. Proof of funds is required for a meeting with the owner.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33342 for instant access to this business information.

Business Operation

Reasons for selling:

Retirement and relocation

Employees:
2PT
Years established:
1997

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

200,000.00 Down & $100k 3 years @4%

Furniture / Fixtures value:
$50,000 (USD)

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