(Price Reduced, $1.5 ) High Occupancy, Profitable Storage North GA

Ellijay, GA (Gilmer County)

(Price Reduced, $1.5 ) High Occupancy, Profitable Storage North GA

Asking Price:$1,500,000

Cash Flow:N/A

Gross Revenue:$190,000

EBITDA:$130,000

FF&E:N/A

Inventory:N/A

Real Estate:$1,750,000

Established:25

(Price Reduced, $1.5 ) High Occupancy, Profitable Storage North GA

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Business Description

With over 60K sq. ft. of rentable space, including Climate Controlled storage, spread over 520 units the facilities are ideally located to service the local residential and the growing business communities in Gilmer. With an office building on the largest of 4 sites the business is in prime locations within a 15 minute door to door drive of all facilities.

The sites were designed and built to the highest standards and have been very well maintained providing a safe and secure storage location with current occupancy rates standing at over 90%. 3 of the 4 sites are owned, and included in the transaction, 4th site is available on a long term lease agreement. The business reports excellent margins, a well controlled cost base and is being offered at a very competitive Cap Rate.

With an established and well serviced client base the company has a clear competitive advantage in the local market due to the quality of the facilities and the outstanding service provided by the current owners. The Seller will spend the time and effort necessary to insure a seamless transition. The owner is willing and eager to assist in the management of the business for a contracted period of time.

With a strong market presence and an excellent reputation this opportunity would suit either a storage business professional looking to expand their portfolio of facilities or an Owner/Manager looking for a strong business with excellent cash flows and a long term sustainable income.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
NA
Facilities:
With over 60K sq. ft. of rentable space, including Climate Controlled storage, spread over 520 units the facilities are ideally located to service the local residential and the growing business communities in Gilmer. With an office building on the largest of 4 sites the business is in prime locations within a 15 minute door to door drive of all facilities. The sites were designed and built to the highest standards and have been very well maintained providing a safe and secure storage location.
Competition:
See ad.
Growth & Expansion:
See ad.
Support & Training:
Owner is available for transition. There is a person on the property.

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Gary Martin

Business Listed By:
Gary Martin

Business Brokers, Atlanta Office

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