56 Year-Old Land Development and Finance Company
Business Description
Debt Free and Self Funding
This rural land development company is a profitable, debt-free land development and owner-financing company serving Georgia, South Carolina, and Tennessee since 1969. This turnkey operation specializes in developing and financing 3-10 acre rural tracts for recreational use and affordable housing, with a proven business model targeting underserved blue-collar workers through accessible owner financing.
Perfect for an investor seeking passive income with minimal day-to-day involvement, a financial services company looking to diversify, or an entrepreneur wanting a proven business model with significant growth potential. Experience in real estate or finance helpful but not required due to experienced staff and established systems.
Note: This business model thrives on being debt-free. The ability to hold notes long-term without debt service obligations is what makes this opportunity so profitable. A leveraged purchase would fundamentally alter the business dynamics and reduce the substantial cash flow advantages.
Perfect for an investor seeking passive income with minimal day-to-day involvement, a financial services company looking to diversify, or an entrepreneur wanting a proven business model with significant growth potential. Experience in real estate or finance helpful but not required due to experienced staff and established systems.
Note: This business model thrives on being debt-free. The ability to hold notes long-term without debt service obligations is what makes this opportunity so profitable. A leveraged purchase would fundamentally alter the business dynamics and reduce the substantial cash flow advantages.
About the Business
- Years in Operation
- 56
- Employees
- 2 (2 Full-time)
I am recommending an additional hire to run it. Someone needs to replace me. - Facilities & Assets
- Holds $8.48 million in collateralized notes receivable and $4.8 million in ready-to-sell land inventory (74 parcels), offering a tangible asset value of approximately $13.2 million as a strong foundation. (As business continues, these numbers will fluctuate.) The lease is from me. The building is available under a separate transaction. It is a 6,200 SF duplex that I built three years ago. Class A space and located in a prime location for the town it is in. The other tenant pays the same rent. A well known title company with over 30 offices.
- Market Outlook / Competition
- Not much. Few do what we do and no one has done it longer. We believe we pioneered the concept. The scalability is huge. We just ran out of family members to grow. There is only so much time in a day. But this could be taken into any market and could be made a goliath.
- Opportunities for Growth
- Scalable to any rural market near any major metro area. Can be done in current markets on a good building scale with current operating revenue without banks. Enter a financial backer and that's when it could really grow exponentially.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,100
- Rent
- $5,300.00 per month
- Lease Expiration
- 11/1/2029
About the Sale
- Seller Motivation
- No one to leave it to and I’m tired and ready to retire. Will sign a non compete
- Transition Support
- I’m willing to stay on to train at no additional fee. But it’s a pretty simple concept that I will provide is as much detail as you'd like. No specific time frame in mind. Just until it clicks, I guess.
Listing Info
- ID
- 2423377
- Listing Views
- 88
Attached DocumentsAttachment Disclaimer
Listing ID: 2423377 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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