Storage Facility, Northern WI

Stone Lake, WI (Sawyer County)

Storage Facility, Northern WI
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Asking Price: $349,000

Cash Flow: N/A

Gross Revenue: $40,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1993

Storage Facility, Northern WI

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Business Description

12000 square feet of storage space in Northern Wisconsin

Located in recreational area, perfect for those out of the area cabin owners. Current occupancy nearly 100% as it has been for years. Some customers store their boats in the winter and their snowmobiles in the summer. Located about 11 miles south of Hayward, and 3 miles east of Stone Lake. Doesn't take a lot of work or time. This is the type of property that requires a down payment - but then the renters pay the mortgage until the facility is paid for, and then all profits are income to the owner. Not a total passive investment, but it does have a great return. Or a cash buyer would also have great returns----and a business to sell when the time is right.

Detailed Information

Location:
Stone Lake, WI
Real Estate:
Owned
Building SF:
12,000
Employees:
0
Facilities:
2.81 acres of land, 6 buildings, 54 total Units. Some larger units 12 x 28 which are hard to find at most storage facilities. 28 units 10 x 23, 7 units 12 x 28, 6 units 12 x 24, 5 units 10 x 28, 4 units 10 x 10, 3 units 9 x 9, 1 unit 5 x 10
Competition:
Most storage facilities in the area are full and a unit is difficult to locate if you are in need of storage.
Growth & Expansion:
Room for a bit of expansion - but more importantly the prices per unit could be increased about 15% each and still be very rentable
Support & Training:
We hire the plowing and the mowing, which could be handled by the owner to increase profit
Reason for Selling:
We are of the age that simplification of our life is important to us.
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Business Listed By:
Patricia Patko

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