SALE PENDING - Archival Document Storage

Fort Walton Beach, FL (Okaloosa County)

Document Storage

Asking Price:$599,000

Cash Flow:$128,000

Gross Revenue:$369,000




Real Estate:$1,850,000*


*not included in asking price.

SALE PENDING - Archival Document Storage

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Business Description

The business is a secured document storage facility with tremendous reviews and a client list of who's who in the area. Doctors, Lawyers, Dentists, Real-estate, Military along with other professionals including personal items of value, titles and deeds are stored here. This is the storage business of choice. large portion of the value associated here is that the business itself is a one of a kind operation that would take many years for anyone to duplicate attempting to become competition. Todays focus is in 2 areas of service and growth, Destruction and Imaging service; The regulatory environment combined with the concern over the issue of privacy of information has motivated a surge in the need from personal and professional services to ensure confidential destruction. This business has experienced a revenue increase in the past year exceeding 24% from the previous year with marketing through their mobile website. The low overhead associated with the destruction services provides a profitable revenue steam while simultaneously opening opportunity for the vertical marketing to the destruction the clients request for the records storage, management and scanning services as a One Stop" solution for business information management. Imaging services are growing in demand as companies request web access to hard copy information in service that satisfies the need for both security and speed of access. This business marketing for 2016-2017 will focus on the "Image Bank" service that allows clients to any quantity of documents digitalized and archived in a highly secured cloud environment, accessible 24/7 with login and password credentials. This is the age of secure information and this business is has the model and foundation going forward to the next generation. AN INVESTMENT IN THE FUTURE!!! Note: if the property including the three buildings are purchased along with the business the income increases by $163,000 per year totaling $ 291,000 annually.

Detailed Information

Real Estate:
Not included in asking price
Building Sq. Ft.:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
A free standing secure building with another free standing secure building next door with a third free standing building on the other side for future expansion.
There is NO other facility in more than a 50 mile radius, and only one within 100 miles.
Growth & Expansion:
The growth is at 24% per year and expandable due to the third building being available when the second building is full in about 2 years.
No seller financing offered
Support & Training:
The seller and office manager will train the buyer. the office manger is staying and fully operate the business as the seller is passive and only comes by to over see as an owner should.
Reason for Selling:
The Seller is retiring

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Theodore M. Perkins, Jr.

Business Listed By:
Theodore M. Perkins, Jr.

Destin Business Brokers

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