About the Business

Storage / Recurring Revenue Business | Perth, Western Australia

UNDER INSTRUCTIONS FROM THE MORTGAGEE IN POSESSION

For sale: One of Western Australia's largest vehicle and recreational asset storage business, operating across four leased sites in the Perth metropolitan area. Built through the acquisition and, the business has potential to be transformed into a scalable, owner-independent operation with strong recurring revenue and a clear growth runway.

About the Business

The business operates two complementary storage divisions. The larger division (~60% of revenue) provides premium undercover and outdoor vehicle storage for private and corporate clients from a flagship near-airport site, with value-added services including battery trickle charging, scheduled vehicle start rotations, and an airport valet pick-up/drop-off service. The second division (~40% of revenue) provides hardstand storage for caravans, boats, trailers and containers across multiple sites in Perth's southern corridor.

Financial Snapshot

• Annualised revenue: ~$1,020,000
• Maintainable profit (PEBITDA): $240,000 (annualised from H1 FY2025/26)
Operations
• ~380–400 active customers at any one time, predominantly private and recreational clients (~95%), with corporate/commercial fleet customers making up the remainder
• ~90% of customers on direct debit, billed monthly in advance with a 30-day notice period — a highly predictable, low-working-capital revenue model
• Effective occupancy of approximately 120% of nominal capacity achieved through active customer rotation at fully utilised sites
• Demonstrated pricing power — the flagship undercover storage rate was increased from $250 to $390 per month post-acquisition with no material customer loss
• Technology-enabled operations using an established self-storage management platform and CRM

Premises

The business operates from four leased sites across the Perth metro area (predominantly the southern corridor), with lease terms ranging from periodic monthly tenancies through to fixed terms with multi-year options extending out to 2030. Management considers the current footprint adequate for existing operations, while actively seeking additional sites north of the river to expand the network.
Growth Opportunities
This is a business with several clear, identifiable levers for a new owner:
• Newest site filling to capacity — the most recently added hardstand site (~8,700+ sqm) is the only location not yet at full occupancy, with the owners projecting it will be a significant contributor to revenue once fully