Existing Portable Storage Business For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $168000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance No
Year Established 2007
Number of Employees 1 - 3
Inventory 150000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Full training & support.
Reason for Sale Company owned location, selling as franchise.
Description This portable storage franchise business for sale, serves and has the exclusive rights to the counties of Sussex, Morris, Bergen, Passaic, Hudson, and Essex. From a population perspective, collectively these counties are home to over 2.5 million residents. The original franchisee for the territory opened his doors in December of 2007. Over the last nine months, he has grown the operation to over 200 rented storage containers and monthly revenues exceeding $14,000 and growing.
The selling price of the business is $150,000, which is an absolutely exceptional deal considering that the original franchise fee for the territory was $70,000 alone and the hard assets of the business have a combined value in excess of the asking price of the entire business. These assets, which include 240 wood storage containers and 28 steel containers (steel containers are offered to customers wishing to have the container left at their address, wood boxes are stored indoors at the company's facility), are valued at approx. $154,000 and are included in the $150k selling price.
Further to the value of the combined assets, is the fact that no value will be assigned to the current monthly revenue the location is producing. Basically, the new operator would merely be purchasing the hard assets of the business and immediately own a business that is generating over $14,000 monthly, without paying for the value of those existing revenues! It truly is an amazing opportunity. The $150k price is non negotiable due to the above information, assets and documentation that will show $150k is well worth it.
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