Golden opportunity to purchase a growing moving and storage business located in Eastern North Carolina. Rate on return is 14% pre-tax benefit. Revenue in 2011 grew by 75% over 2010 and numbers show stronger in 2012. This is a chance for an owner operator to purchase a growing business while enjoying working 45-50 hours a week. The business has an impeccable reputation within the community and has been managed properly. Our client base is top quality with much of the company’s new business coming through referrals from satisfied clients.
Property Features and Assets
The facility is 30,000 sq. ft. of all enclosed solid concrete block construction. The building was completely renovated at the end of 2007 with new components including new Firestone 20 year warranted roof, electrical and A/C systems, security, interior and exterior doors, security system, and 186 self storage units. Everything but the concrete floor and block walls was replaced while doing the conversion. There is no deferred maintenance to this facility. The new proprietor will enjoy years of trouble free ownership. Lands size is 60,765 sq. ft. with twelve parking places. This is a Class A commercial building and climate controlled project. There is 800 sq. ft. of office space.
Market Competition and Expansion
Moving has become a strong component of the business. Through moving and loading trucks we enjoy a higher end clientele. The moving is a strong profit center and has given the facility long term anchor tenants which is unusual in self storage. Full financials are available upon request that will hold up to a financial audit. Brokers are welcomed and we will cooperate. This is a solid business that will continue to grow for years throwing off a solid return with the potential of 20%.
Reason for Selling
This is not a franchise resale opportunity.
This is not a homebased business opportunity.
The owner is willing to train/assist the new owner.
The property is owned.