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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Self Storage Company
(Services)
Bucks County, PA
Listed Price: $ 1,995,000
Listing ID: SVS381

Listing DetailsGross Revenue: $ 223,511
Cash Flow: $ 140,000
FFE: $ 225,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

Owner is involved in alternative, noncompete business.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 1993
Days & Hours of Operation: 24/7
Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

The business fixed assets has an estimated value of approximately $275,000 which is based on the original equipment, licensing buildout & replacement cost, tangible & nontangible, in addition to the multiple of the existing net yearly income. This transaction consists of a fully equipped commercial storage company, which includes, the required licenses, web site, social media venues, displays, shelving, POS system, tables, cameras, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request.


SummaryBusiness Description:

Highly profitable 200-unit Self Storage company which includes the assets, licensing and property located in an affluent area of Pennsylvania, Montgomery County. The business has a consistent gross income and a dependable net yearly income of $145,000 prior to debt service. Whether you have a lot to store or a little, they have the space and offer self-storage units for short- or long-term rental consisting of a variety of sizes. Their 30,000 square foot self-storage units are perfect for any situation, short or long storage, convenient Loading area, and climate-controlled units and seven day a week use are some of the benefits. Their tenants appreciate easy access to local roads and highways. The facility is available to their tenants 365 days a year for maximum convenience and they commit to providing a clean, ready-to-rent unit and friendly helpful service. The business fixed assets has an estimated value of approximately $275,000 which is based on the original equipment, licensing buildout & replacement cost, tangible & nontangible, in addition to the multiple of the existing net yearly income. This successful storage business operation is conveniently available to its customers 24 hours per day and seven days per week. This business opportunity has been priced at $1,995,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets and property. The business has an estimated value of $575,000 based on the multiple of the net yearly income and the property value is estimated at $1,400,000. Also, possible bank financing should be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business opportunity expects to supply a consistent return on investment to the owner operator. Based on a 25-year payout at 7% interest, approximately 20% down payment purchaser would obtain a consistent profitable net yearly income return on investment after debt service.Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business can be further expanded by the new operator with an improved marketing plan for local advertising, optimize its existing web site which will can further develop the business yearly gross sales.


Financing/Terms:

Seller financing may be available to a qualified buyer