Profitable Storage Business Located on 10 acres in Collin County

Lucas, TX (Collin County)

Profitable Storage Business Located on 10 acres in Collin County

Asking Price:$2,250,000

Cash Flow:$131,846

Gross Revenue:$213,955




Real Estate:$1,900,000


Profitable Storage Business Located on 10 acres in Collin County

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Business Description

Successful, profitable storage business located on 3.31 acres, that features concrete floors, metal buildings and high ceiling storage units to handle boats and other large items. There are 151 storage units of 4 different sizes which provide a steady stream of passive income to the owners. In addition, the owners are offering a 2,654 square foot home, a 4,112 square foot shop building which are situated on 6.69 acres acres of adjacent land to the storage units. Total of ten acres. The complex is located in an area of robust residential home building and population growth which would give the new owner the option of adding additional storage units or utilizing the excess land for other purposes.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building Sq. Ft.:
2 (owners)
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Property includes 56,824 square feet of boat storage facility on 3.31 acres. Also included is a 2,654 square foot house and a 4,112 square foot shop building, both of which are situated on 6.69 acres of land. It is significant to note that there are numerous new high end residential sub-divisions nearby along with continued growth population and business growth in this area of eastern Collin County.
There is competition in the area, some with gravel floor coverage and some with concrete floors, The key difference in this storage business is tall storage units for boat storage with concrete flooring, metal building structures and pull down doors that can be locked.
Growth & Expansion:
Open land of 5.69 acres can be utilized for additional storage units or a buyer could turn all the ten acres into other uses.
Support & Training:
Owners will offer a two week transition periond,
Reason for Selling:
Owners want to retire.

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Thomas Foster

Business Listed By:
Thomas Foster

Murphy Business & Financial Corp

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