Self Storage Redevelopment with Coin Laundry Business
60,000 sqft building adjacent to laundromat
The 60,000 sqft building is structurally sound. It has all the amenities that a storage facility would require, freight elevator, handicap accessible restrooms and the building has sprinklers. We recently insulated the building and our energy costs are very minimal for the size of the building. There is a real shortage for storage with in Sheboygan as Menards recently closed the facility as they sold the property to Sam's Club. My architect also built our closest competitor and informs me that they are 100% occupied.
Location, location, location! The coin operated laundromat adjacent to the 60,000 sqft building is in a great location in the heart of Sheboygan. The location has been a laundromat for over 15 years with many long-time customers. Best of all, it has been remodelled throughout with new flooring, plumbing, paint, and a mixture of newer and older machines. The layout of the facility has also been optimized. Net profit has increased since the remodel and continues to increase with no additional marketing. We currently offer a drop-off laundry service as well. The facility boasts security cameras, new vending machines, new laundry carts, large flat screen TV and two smaller flat screen TVs, large folding tables, ample seating and plenty of parking. This laundromat business has two-part time employees, who are unaware of the pending sale. The business has an assignable commercial lease. The laundry business is a solid industry that is recession proof and here to stay. Opportunities like this don't come often so take advantage and get in now!
7 FedEx Home and Ground Routes, 3 Supplemental, Oakland County, MI
7 FedEx Routes, 3 Supp. Oakland Co. MI, SBA FINANCING AVAILABLE!
Lake Orion, MI
Please complete the attached NDA now and Fax to 877-311-0970 along with the first page of your bank or brokerage statement showing at least $300,000 downpayment for the purchase. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a dropbox link.
Gross Income: $952,000
Purchase Price: $1,000,000
2015 Cash Flow: $290,000
Vehicle Value: $185,000
7 FedEx Home and Ground Routes, 3 Supplemental Routes, Oakland County, MI
FedEx Home & Ground Delivery Routes for sale $1,000,000. Currently grossing $952,000 and Nets $290,000 per year as an owner of the business. Includes 5 FedEx Home Delivery Routes,1 Supplemental Home Delivery Route, 2 FedEx Ground Delivery Routes, 2 Supplemental Ground Delivery Routes in Contiguous Service areas, 10 FedEx delivery vehicles worth an estimated $185k, and 11 employees in place willing to transfer with the business. This business operates out of the Lake Orion, MI hub and currently has a manager in place, seller is a hands on owner who is willing to stay for a 30-45 day transmission period, subject to negotiation. Territory for these routes is Oakland County, Michigan. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!
Financing: SBA financing IS available for this transaction.
As as side note: If you are seeking SBA Financing on another FedEx deal, please contact me for assistance. I have lenders other brokers do not.
What Does Financing do for you:
6.5% 10 year Amortization
Equity Investment: $250,000
SBA Loan: $750,000
Working Capital: $ 25,000
SBA Guarantee: $ 23,250
Closing Costs: $ 20,000
Total SBA Loan: $818,250
Debt Service: $9,291
Current cash flow: $290,000
debt service: $111,493
Cash Flow Net
of Debt Service: $178,507
Cash on Cash
As as side note: If you are seeking SBA Financing on another FedEx deal please contact me for assistance. I have lenders other brokers do not.
Boat / RV Storage Business for sale by owner - Northwest Wisconsin
RED CEDAR SERVICES
Marine and RV storage with limited service for sale in the Mikana/Birchwood area of northwest
Wisconsin. Sitting on a well traveled highway close to the Red Cedar chain of lakes, this business opportunity complies with the marketing axiom “LOCATION, LOCATION, LOCATION”. Here sits a 60 X 120 ft Lester Building built in 2008 on 2.1 acres. With our racking system we can store up to 40 boats, pontoons, RV’s, or anything our waiting list of customers would like to store. This building has been full every year since the business started in 2008 and there is enough property to expand and triple the business if desired.
The price of $184,000.00 includes the property, building, racks, Skytrack 7038 lifting machine, Melroe Bobcat towing machine, pontoon trailer, spare runabout trailer, and customer list. This is a turn key operation with immediate returns.
This building has a 16 foot working height that can accommodate the tallest of rigs as well as enough height to allow maneuvering around of our Skytrack to rack boats and pontoons. The building is mouse and rodent proof and equipped with a security system. The 14 foot doors on both the front and rear allow for easy access to all areas of the building.
With Red Cedar Lake less than a ½ mile from our front door we are able to service the Red Cedar chain as well as other lakes in the surrounding area. We also offer summer storage for those Ice Castles and snowmobiles. We provide a fall clean-up for the boats as they come in and all the pre-water prep in the spring. Because we are not positioned on lake shore property, we enjoy low property taxes that help support our bottom line.
With the storage and extra services provided Red Cedar Services can provide between $25,000.00 - $30,000.00 per year of revenue for approximately three weeks of work in the spring and three weeks in the fall of work. There has been constant demand for us to expand the business by our customers but we have held off contemplating a future sale due to retirement. We kept our service program to a minimum allowing us to enjoy our summers as well. This area could also be easily expanded.
Full and detailed financials are available upon request with a non disclosure agreement signed. For inquiries contact Larry at 715-205-5144 or Len at 612-247-9771.