Storage And Car Wash Business For Sale - Houston, Texas, TX - Harris County

PROFILE: Mini Storage And 6 Bay Self Service Car Wash. Facility Built In 1978.

AD/LISTING INFORMATION
Status: Available
State: Texas
Location: Houston
County: Harris
City: Houston
Primary Category: Service Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  115626
Seller Or Contact:  Al Heizer
Primary Phone:  713-268-1878
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  9/18/08
Date Ad Last Revised:   9/18/08

FINANCIAL INFORMATION
Asking Price: $1,000,000
Down Payment: $250,000
Annual Revenue: $223,650
Annual Adjusted Net: $171,140
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: Yes
Bkr To Bkr Cooperation: Call

DESCRIPTION: The Facility Was Built In 1978 And Includes 119 Mini-Storage Units, A 3300 SF Office Warehouse, A Bill Board Leased For $750 Per Month & A 6 Bay Self-Service Car Wash. The Mini Storage Has The Following Units: 4 13x13; 8-10x20; 8-10x15; 9-10x25; 7-10x30; 43-10x10; 22-8x10; 16-5x10 And 2-4x5. They Maintain Over 90% Occupancy. The Contracts Are On A Month-To-Month; However, A Number Of People Have Been Renting For Years. Rental Rates Have Not Increased In The Past Few Years. The Storage Could Use Some Cosmetic Work. The Car Wash Is One Of The Better Revenue Producers In The City. The Pro-Forma Will Show An Income Of $9,500; However, According To The Owner It Did Over $14,000 For February. The Business Is Surrounded By Over 2000 Apartment Complexes. The 3300 SF Office Warehouse Has Been Leased On A Month-To-Month For $1500 A Month. There Are No Financials Available; However, There Is A Pro-Forma Which Will Show The Income. The Owner Would Prefer To Sell Outright But Will Consider Financing With $250,000 Down @ 9% For 15 Years. There Is Bank Financing Available. If You Can Go Over The Fact That There Are No Numbers Available, And The Broker Can Explain Why, Then You Are Looking At A Very Profitable Venture. Buyer Will Be Required To Complete A Buyer Profile And Sign A Non-Disclosure.

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