Self Storage Facility in Suffolk County, NY - 33342

Financing

$200,000 Down and $100k 3 years @4%

Business Description

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 well as 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 is offered 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 with a bank for the property). Seller willing to provide $100k of financing (w/$200k down) toward the business. Proof of funds is required for a meeting with the owner.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.