Storage Business for sale

$550,000
Posted over a month ago
S0J 1L0(View Map)

Description

Business for sale by owner. La Ronge Storage 1024 Finlayson Street La Ronge This turnkey business is completely occupied and has a near 100% occupancy year round. Three lots in the North Industrial Area include 37 unheated storage units. The compound, with room for about 30-40 boats, etc is fully fenced with the back half of the fence replaced last year. The compound also includes a recently constructed Quonset with a concrete floor. One lot is dedicated for outdoor storage. The residential home on the site is a four bedroom 1992 mobile home with additions including a foyer, dedicated office space, screened porch and a deck. There is two four piece bathrooms, one of which is en suite in the master bedroom. The master bedroom includes a walk in closet. The kitchen has dishwasher, fridge, stove top, newer double wall ovens with vaulted ceilings into the first living room. The second living area is located past the laundry room where a large pantry and a standup freezer are. The fourth bedroom is off the second living space in another one of the additions. This turnkey business will have to be professionally evaluated but my guess would be that it’s valued around $550,000.00 The beauty of this business is that it’s passive income. Meaning that you don’t have to be open 9-5 or whatever. Clients have their own keys and rarely need anything from you. Turnover is rare in the storage units and there’s a full list of loyal clients for compound space. Yard work can be outsourced or you can drive around the lawn occasionally on the riding lawnmower. Snow removal is currently outsourced by local contractors. That’s it. Serious inquiries will be able to have a 25% down payment for the banks. I’m available anytime for a look at my books and the property. I had an appraisal done in November 2015 for reference. Feel free to share

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