Profitable Self-Storage & Parking in Tamarindo

Asking Price$599,000

Cash Flow
Not Disclosed

EBITDA$60,000

Gross Revenue$75,000

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$599,000
Included in asking price
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Profitable Self-Storage & Parking in Tamarindo


Asking Price$599,000

Cash Flow
Not Disclosed

EBITDA$60,000

Gross Revenue$75,000

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$599,000
Included in asking price

Seller Financing Available
Business Description
Unique opportunity to acquire Acme Storage, a cash-flowing, remotely managed operating business with prime real estate in Tamarindo, CR.

Multi-year operating track record, with 5-star Google reviews and a solid base of existing tenants, comprising, second-home owners and local businesses.

Currently 50% occupied, it generates $5K per month in revenue and $3K of EBITDA. This is based only on word-of-mouth and advertising from 1 billboard.

Current owner is not tech savvy, but with the right social media and SEO strategy there is room for significant uplift.

Perfectly located next to Tamarindo airport, the business comprises a 7,500 sq. ft. warehouse with 75 climate-controlled units sitting on 1.5 acres of land. There is room for a second warehouse and up to 30 covered parking spaces.

At full capacity and with a second full warehouse in-place, this could do $30K per month of revenue.

Sale price represents a massive discount to replacement cost: The land alone is worth at least $150K and assuming a build-cost of $80-100psf, building a comparable warehouse would be upwards of $700K.

Storage is a unique business in CR: whereas most foreign investors consider building and operating residential product and Airbnb's, this allows an investor to capture fixed rental demand without the need for a property manager or being subject to the same landlord obligations and restrictions as residential. This is the most landlord friendly product you will find in CR.

Low management requirements: Current owner lives abroad and manages the property from his phone. There is 1 full-time employee who lives on-site in separate accommodation and handles all maintenance and cleaning.

In summary, this is a high cash-flow operation with low maintenance, operating outside the restrictive scope of holiday rentals. There is significant room for expansion, offering great exposure to Costa Rica's projected upward tourism trend without the need for employees or full-time oversight.
About the Business
Years in Operation
15
Employees
1 (1 Full-time)
Facilities & Assets
Second largest self-storage business in Guanacaste.

$5K rev/month at current 50% occ.

7,500 sq. ft. warehouse with 75 units of various sizes with climate-control and drive-up access.

1.5 acres of land with additional space to build a second warehouse or covered parking.

Prime location next to Tamarindo airport, with full-time caretaker living on-site.

Fully remote management: bookings handled via website, email and WhatsApp.

Good base of existing tenants.

Primed to capture demand from new developments in Tamarindo, Avellanas & Potrero.
Website
https://www.acmecostorage.com/
Market Outlook / Competition
Market: Severe shortage of storage businesses to keep up with all the recent new development. High barriers to entry as suitable flat land is hard to find and necessary building materials (ie. sliding doors) not locally sourced. All storage warehouses are imported pre-fab structures from N. America.

Competition: 2nd largest storage operation in Tamarindo. The market leader, Pura Vida Storage offers 5 warehouses (350 units) and is always full. We are priced at a modest discount and capture much of the overflow.
Opportunities for Growth
New construction: Add a second warehouse and up to 30 covered parking spaces. This could generate up to $15K of new income per month.

Advertising: Implement social media & SEO strategy, something which has not yet been done. We currently have one large billboard, though it could make sense to have more.

Local partnerships: Partner with moving companies and offer reduced pricing to local businesses for referrals. Approach Tamarindo airport and offer short-term parking for travellers.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
7,500
About the Sale
Seller Motivation
Owner wants to deploy cash into other projects.
Transition Support
Owner will offer training and support for three months post-sale.
Financing Options
50% LTV at 9% for two years
Listing Info
ID
2435825
Listing Views
10
Business Location

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Business Listed by: ALEXANDRE DUCHARME

Listing ID: 2435825 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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