This Software-as-a-Service (SaaS) Internet company provides detailed, up to date listing information to users looking to attend Storage Auctions. Self-storage facilities hold storage auctions to vacate non-paying tenants. Facility owners are generally required to first notify the tenant of the outstanding debt, and if the debt remains unpaid, the facility must then give public notice of the sale or auction. One such notification method is via online services like the target.
In the fall of 2010, two television programs featuring storage auctions, Storage Wars and Auction Hunters, were released. The popularity led to additional shows such as Storage Hunters, Storage Wars: Texas, and Storage Wars: New York. This is a growing sector with a large, and growing, following – both in TV viewership as well as in Auction participants.
This business uses a highly sought-after recurring revenue – subscription service model via its primary website- collecting auction data on over 51,000 storage facilities on an ongoing real time basis. Founded in 2011 after it was realized that no other provider was servicing this segment, this business has dominated this market segment as the premier provider of Storage Auction Listing Data, with over 15 Million Auction listings to date.
With an email database of 180,000 users, Net Operating Margins of 55%, and over 3,000 recurring subscribers (and growing), this company is a turn-key opportunity for any investor looking to get into the eCommerce space, or one looking to bolt on an industry leader in a niche segment.
Operated out of a small East Coast office and with low-to-no overhead, this company can easily and seamlessly transferred to a new owner with zero interruption, and business operations can easily be trained without a difficult learning curve. It is a highly automated business that can be managed with complete control from any location with internet access. There are immediately available scale opportunities, including auto auctions, estate sales, police auctions, and so much more ready for this company!
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