How do I find a warehouse business for sale near me?
Search under the labels owners actually use, such as warehousing, fulfilment, 3PL and distribution, and look at listing sites, industrial brokers and commercial real estate agents. Judge location by where the clients and carriers are, not only by where you live, and check whether the building is included in the sale or leased.
A search for a warehouse business near you will turn up a mix of things: storage operators, fulfilment centres, third-party logistics providers and plain distribution companies. They are not the same business. Before you start, decide whether you want to rent out space, handle goods for clients or move freight, because each one is listed differently. The steps below cover where to look.
Search under every label
Owners describe the same operation in different words. Try warehousing, storage, fulfilment, order fulfilment, 3PL, contract logistics, cross-dock and distribution, and add the word “business” or “company” so you do not land on space for lease. Save your searches on the listing sites you use and read each ad for what the company does day to day, not for its label. A site that calls itself a distributor may run a warehouse for other people’s goods.
Check how the building is packaged
Many of these businesses are listed together with the property, and some are listed with only a lease. Ask early whether the building is owned or leased, who owns it if it is owned through another company, and how long the lease runs. If property is part of the deal, you may be looking at two purchases. See whether the real estate is a separate agreement and what happens to the commercial lease.
Use industrial brokers and property agents
Industrial brokers and commercial real estate agents often hear of a warehouse owner who plans to retire before anything is posted online. Tell them what you want in plain terms: the kind of goods, the size of building, the kind of client. Brokers who work for the seller are partners in the process, so give them a clear profile and proof you can finance a purchase.
Widen the map around client lanes
A warehouse earns its keep by being close to its clients, its carriers and its highway access, not close to your home. A business a few hours away can be a better fit than one down the road if its customers are well placed. Ask where the clients ship from and to, and what happens to those lanes if you change anything.
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
- 04Business Development Bank of CanadaGovernmentHow to diversify your supply chain
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