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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Massachusetts Businesses For Sale Categories   >>   

Self Storage And Real Estate For Sale

Location  Massachusetts,United States
Asking Price Range  $250K - $500K
Gross Revenues  $0
Net Profit / Cash Flow  $268000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1985
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Description  This is a 4.5 acre piece of land with two terrific opportunities, one rental property and the second a self-storage site. The first is a successful restaurant with the current owner willing to stay on and manage the restaurant with a rent of $100,000/yr. The second is a cleared, graded and graveled plot suitable for up to 30,000 sq ft of self storage. Currently it is permitted for 14,400 sq ft. and construction costs have been estimated. Assuming a self-storage average retail rental rate of about $12/sq ft, the property would produce $268,000 for both the restaurant and the self-storage site, or a cap. rate of 19%! Generate income from day one while construction of the storage units is completed. Add the additional 15,000 sq ft and revenues jump to over $430,000. Because the restaurant is a premiere destination spot for motorcyclists, many patrons have expressed an interest in having storage facilities (both climate controlled and not) to store their vehicles. This is a very unique real estate opportunity with a built-in clientele literally sitting on your front step!
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