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Nov 15, 2018Niche Storage facility for the food and drug industry. Started in 2016 is now at capacity with pallets in the aisles. Landlord will to build new storage facility nearby for existing or new buyer. 25,000 sq. ft. with 2500 pallets vertically-5 pallets high and another 1000 pallets in aisle when needed and 500 in another location for a total of 4000 pallets. Runs semi- absentee.A shortage of these facilities exists.Revenue from handling per pallet and straight storage. Owner is well known in the industry and will assist and consult with buyer to keep facility at full capacity. Accounts receivable are 100% collectible. Full pallets- no pick and pack. Second Revenue Stream Just Established: Seller took over management of another storage facility 37,000 sq ft. Seller manages the facility and the property owners 500 pallets in return for rental and use of 2000 other pallet positions. Seller does not pay utilities, rent, electric or equipment costs- Just Labor costs ($8k mos). Seller will gross $30k per month & net $22k per month or $264,000 annually. Seller seeks $1m of the $5m asking price for this second revenue stream business which will be contingent upon written lease /management contractor or assignment to the new buyer and a proven one year net income in due diligence 12 months after closing. These gross & net income projections are included in the listing business profile. Proof Of Funds And Business Background is required for name of this business and meeting with the owner. No Bank financing by buyers will be considered- seller will provide generous financing for qualified buyers.

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