#56: Storage Unit Making $950k/year

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In this week’s issue:

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  • πŸ—„οΈ Traditional business - 1 listing

  • ✍🏽 Content - 1 listing

  • πŸ—„οΈ Traditional business - 3 listings

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Estimated Reading Time = 5 minutes

πŸš€ Startup Spotlight

Discover profitable online and traditional businesses.

πŸ’° Asking Price: $172,340

25 y/o ecom business with a worldwide following and mostly US customers. New Age, Metaphysics, Holistic/Alternative Medicine & Spirit. Winner of many awards.

Type: eCom

βœ… Key Highlights

  • $253,000 in TTM Revenue

  • $101,208 in TTM Profit

  • $21,113 in revenue last month

  • $8,434 in profit last month

  • 40% Profit Margin

πŸš€ Growth Opportunities

  • Organic Traffic: A lot of the current customers are all from organic traffic. Build out a team to start creating more SEO based content from the products you have available to start scaling that out even further.

  • Influencer: Influencer campaigns are usually more successful with products like these which have a direct value prop attached to them. Start seeding out product to creators in this space to push more traffic to your current site.

Brand has been active for around 25 years and has seen a lot of success and awards in it’s time. New owner can step in and look at figuring out the scale opportunities here. A hidden gem in a market that has a big TAM available.

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πŸ’° Asking Price: $270,000

This family-run storage unit business, located in New York City, features 48 well-maintained storage units. These units vary in size, catering to diverse storage needs, from compact spaces for seasonal items to larger units for furniture or business inventory. Security is a top priority, with 24/7 surveillance and secure access controls in place. They do have a small office space for employees to operate the online side of things from.

Type: Traditional Business

βœ… Key Highlights

  • $950,000 in Gross Revenue

  • $35,000 in Inventory

  • 48 Units at 85% Capacity

  • Year built: 2000

Competition in this market is present but manageable. The strategic location of the storage facility, coupled with its established reputation for exceptional customer service, positions it favorably against competitors.

The 48 well-maintained units cater to a range of storage needs, offering a versatile solution that distinguishes the business in the competitive landscape. Plus units are priced slightly lower than surrounding areas. Their low cost lease ensures they are able to do this.

πŸ’° Asking Price: $120,000

This profitable startup offers a comprehensive directory and community focused on no-code tools. It equips users with essential information and resources to create a website, engage effectively with audiences, and expand their online business, all accessible from a single, convenient platform.

Type: Content

βœ… Key Highlights

  • $124,000 in TTM Revenue

  • $40,000 in TTM Profit

  • $8,000 in revenue last month

  • $826 in profit last month

πŸš€ Growth Opportunities

  • Partnerships with No-Code Tool Providers: AForge partnerships with leading no-code tool providers to offer exclusive deals or discounts to your community members. Collaborate with these providers to co-create educational content, tutorials, or webinars that showcase the capabilities of their tools and how they can be leveraged effectively.

  • Membership Program with Premium Benefits: Launch a membership program offering premium benefits and exclusive perks to loyal subscribers who are willing to pay a subscription fee. Provide members with access to advanced tutorials, in-depth case studies, private forums, and personalized coaching sessions with no-code experts.

🚩Cons

  • Margins: P&L shows a large sum of expenses which can either be SDE or an expense line that makes the business not very profitable like an acquisition channel. December and Jan were unprofitable so I’d dive into these numbers a bit more.

Overall I think It’s is a fantastic opportunity for someone to scale up quickly, add revenue streams, and level up the marketing/SEO. An excellent top-of-funnel opportunity for SaaS or agencies in the no-code, web-dev, or AI space.

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