Summary
- Asking price:
-
$3,000,000
- Sales revenue:
- < $500k
- Net profit:
- $296,410
- Years established:
- 6 yrs +
- Employees:
- 1 to 2 - but none if new owner decides
- Home based:
- This business can be run from home.
Business description
Profitable Real Estate Assets Sale
ASKING PRICE: $3,000,000 (million US dollars). Commercial Real Estate Properties with rental income producing a steady income stream at a capped rate of return of 10.54%
REASON FOR SALE:
The Owners of the Business want to expand and focus only on their Whole Sale Restaurant business activities
Property information
- Real Estate:
- Real Property Included
- Lease terms:
- The Properties ar all 100% leased out allowing Rental Income to come with the properties. Tenancy Lease details to be provided by the Seller/Vendor
- Location:
- All properties are based in Haines City and Winter Haven, Florida. 3 of the properties are located in Haines City close to each other. The 4th property is located in Winter Haven within a 15 miles range. All the buildings and properties are in a very good condition.
Other information
- Expansion potential:
- This is not really applicable as the purchase of the property portfolio is an investment oppportuniy with 100% of the income already maximised.
- Competition / Market:
- The Vendor states: Although the private housing market is facing a down period due to the sub-prime mortgage problems, the commercial Real Estate is still in a good shape. Buying and selling of private properties has slowed down. The opportunities in the real estate market have shifted from buying and selling of private R/E to leasing of private real estate and buying and selling and leasing of commercial real estate. More and more customers are looking to lease properties rather than to buy. This shift has increased the demands for property management and maintenance services by 20%.
- Support & training:
- The current owners will be happy to hand over the property portfolio and train the new buyers by negotiation
- Reasons for selling:
- The Owners of the Business want to expand and focus only on their Whole Sale Restaurant business activities
- Trading hours:
- Varies - will be supplied upon application