Exclusive Fur Cold Storage Facility Fur Storage pic

Reference ID#: 985
Industry: Service
Location: Augusta, GA

Financial Information

Asking Price: $60,000
Annual Receipts: $80,000
Cash Flow: $30,000
Sellers Discretionary Earnings
FF&E: $10,000
Inventory:
Real Estate Available? No
Value of Real Estate

Business Summary

Established in 1963. This business has been servicing their loyal customers for 55 years and under current ownership for the last 28 years. Their primary service is fur storage, and they offer additional services such as fur cleaning, monogramming, repair, consignment, as well as storage of wedding gowns, and wool garments. This business is not only unique, being the only exclusive fur storage facility for 100 miles but also allows for semi-absentee ownership. Currently operating with 2 part time employees working Tuesday- Friday 10am-4pm. One of the most appealing aspects of this business is the secure cold storage vault. This vault is 2,352 sq. ft. with 12 ft. ceilings and the climate control system is only 2 years old. Historically their fur storage business has been limited to the local Aiken/Augusta area, this could be vastly expanded. Customers could easily ship their furs, wool garments, and wedding gowns to expand this business nationally. The vault also has the potential to store much more than furs and garments. You could expand this business into storing items such as wine, pharmaceuticals, medical essentials, artwork, film, documents, or any other heat sensitive products. Climate controlled storage is essential to protecting the integrity and extending the lifetime of valuables and this facility definitely has room to expand its storage capabilities.

Facilities

1,952 sq. ft. secure cold storage vault and 1,410 sq. ft. office space

General Information

Franchise: No
Homebased: No
Relocatable: No
Year Established: 1963
Year Acquired: 1990
Number of Employees: 2-P/T

For more information, please contact us at 1 (888) 415-5118.