VIP Car Storage.
This family-owned business is well known in the community as it has been a successful car storage business with the owner having enjoyed its steady growth and development for over 20 years. Specialising in long-term Vehicle Storage and Airport Parking, all our vehicles are securely locked inside an undercover facility, offering our clients peace of mind when leaving their cars with us. Conveniently located in Belmont, just 5 minutes from either of the Perth Airport terminals and only 15 minutes from the CBD.
Reason for Sale.
This business has generated strong consistent income for the period of ownership. It was always part of the plan to sell the business when the owners were looking to semi-retire. The timing to sell the business coincides with the recent signing for the Option to Extend the Lease for another 5 years, plus at a time of high demand for car storage in Perth.
About this Business.
Easy business to run, with minimal staff and a regular stream of existing and new customers. With over 2000sqm of undercover parking, we offer short and long-term warehouse storage of all vehicle types including cars, 4wd, motorbikes, company/fleet vehicles and vintage collections. We can even store caravans, trailers, and trucks in the large underutilised outdoor area.
With a google rating of 4.9, the business owner has a great relationship with his customers who commonly recommend VIP Car Storage to all their friends and family offering a high level of word-of-mouth referrals.
The business services a variety of private, international, and corporate clients. Some are travellers and some have collectable cars that require secure storage with the option for occasional access.
Key Features and Benefits:
• The location is convenient and popular for most of Perth's inner suburbs.
• Family operated business that has been streamlined, with minimal staff support.
• The business can be expanded to additional sites if ever the need or want arises.
• Primarily focused on long term vehicle storage and limited short term FIFO clients by choice.
• Excellent customer reviews and referrals with a reputation for going above client expectations.
• Popular location for storage of vehicles as most clients are travelling through the airport.
• Loyal customer base - repeat customers are key, with some being customers for 10 years or more.
Business Name: VIP Car Storage.
Address: Provided as required.
Description Of Business: Vehicle storage.
Website: https://www.carstorage.com
Business Established: Over 20 Years ago.
Lease: 5 Year lease.
Asking Price: $350,000
• Plant & Equipment $65,000
• Goodwill $285,000
Opportunity:
Apart from Car Storage this business offers additional services upon request.
• Fees are charged to arrange vehicle servicing and repairs including delivery and collect.
• For a fee we can Valet the vehicle to the airport where the owner has a spare key to access their car.
• Fees are charged to arrange vehicle detailing services when requested.
• The sorts of tasks requested can vary from arranging new tires to arranging accessories to be fitted.
• This business can easily be expanded to additional sites close to the current location or in multiple locations.
The business has been slow to bring its rates up to market rates, however it has recently started to increase most of the rates since the last financial year. Potential for further Income increases as our new storage rate for any new clients will be increased to $300 per month, along with bringing any remaining clients still on the old rate up to $250 per month.
Property ID: #L22254323
