South Africa, Western CapeSector - Property
Summary
Storage Units Facility- Helderberg- Western Cape
Give me more informationHow does the business operate on a daily basis?
Rent of 65 storage units. The units are leased on short and long term basis. The manager/ caretaker takes care of the daily activities such as opening for tenants to take out or bring in new belongings to their units. The owner do most of the administration like invoicing.
What competition exists?
There are other similar facilities in the area.
How involved is the Owner in running the business?
The owner visits the facility regularly but with the manager 24 hours on the premises no need for daily visits.
What are the main assets of the business?
Land and buildings.
Strengths?
This is a easy to run facility/ business with low to zero risk. Owner involvement can be cut to a minimum. The facility average a 95%+ occupation rate.
Opportunities?
To combine some of the units to be used as mini factories.
Threats?
No obvious threats.
What is the reason for the sale?
The owner is retired and wants to scale down on responsibilities.
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