E.O.I. — Vehicle & Recreational Asset Storage Operator
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 let by FY2027
• Geographic expansion — no equivalent operator currently exists north of the Swan River, presenting a genuine greenfield opportunity
• Ancillary services — scope to expand value-added services (battery charging, vehicle starts, valet) and introduce new offerings to the existing customer base
• Further pricing increases — given demonstrated pricing power and a tightening storage market
• Corporate/commercial segment — currently only ~5% of customers, with potential for a targeted sales push to diversify and lift margins
Market Position
The business operates in a highly fragmented industry of largely unsophisticated, owner-operated competitors, and is positioned as the clear market leader in its category in Western Australia. The model benefits from strong industry tailwinds — rising vehicle and recreational asset ownership, shrinking residential storage space in Perth, and a resilient, low-labour, high-recurring-revenue structure with minimal exposure to technological disruption.
Deal Structure
The business is offered for sale on an Expressions of Interest basis, covering all plant, equipment and tools (estimated market value $175,000), business goodwill, established trading names and customer relationships, operational systems and software licences, and assignment/novation of existing leases (subject to landlord consent). Cash, debtors and liabilities are excluded. Handover support from the existing management team is available, subject to negotiation.
Asking Price: Expressions of Interest (annualised revenue ~$1,020,000; maintainable PEBITDA $240,000)
A rare opportunity to acquire the market-leading operator in a fragmented, resilient, recurring-revenue industry — with management already in place and tangible growth levers ready to pull.
FOR SALE: E.O.I. (Under Instructions from the Mortgagee in Possession)
Contact the exclusive broker:
Reece O'Sullivan
Benchmark Business Sales & Valuations
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If you would like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus6530 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations
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