Business Overview

This South King County Self Storage facility is your best opportunity to own an affordable and secure storage solution business opportunity. Offering a variety of sizes of self storage rentals and padlocks, the facility is equipped with state-of-the-art features and a professional staff to help with any storage need. This is a leased facility with NO real estate. Features & Amenities Include: Convenient 24-Hour Access, Handcarts, Drive-Up Access, Digital Video Surveillance, Electronic Gate Entry, Elevator Access, Temperature Controlled Storage Units and Online Rental & Bill Pay. This is a totally turn key safe and secure operation serving residents and businesses throughout South King County with climate-controlled storage units, great customer service, and budget-friendly prices
There is growth opportunity having an onsite owner, who works the location during business operating hours. Other growth areas may include Commercial businesses and Internet Businesses that need storage options. Almost every business needs records storage.

Financial

  • Asking Price: $150,000
  • Cash Flow: $63,803
  • Gross Revenue: $144,600
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

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Additional Info

The company has 1 employees and is located in a building with estimated square footage of N/A sq ft.
The property is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. Nevertheless, the real reason and the one they say to you may be 2 completely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is really essential that you not count completely on a seller's word, but rather, make use of the seller's answer combined with your total due diligence. This will repaint a much more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that profit margins are too small. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in brand-new customers? Often times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Certain factors such as new competition sprouting up around the area, roadway construction, and employee turnover can impact repeat clients and also negatively affect future incomes. One vital thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the higher the possibility to develop a returning customer base. A last idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? How might the regional typical house earnings influence future earnings prospects?