Long Term Parking Lot at Hobby Airport

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Lucrative & easy to manage with tons of growing potential
Asking Price:
$4,000,000

Gross Revenue:
$600,000
Cash Flow:
$458,600
EBITDA:
$360,000
Inventory:
$30,000
included in asking price

FF&E:
$250,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Let me start by saying that it's once in a lifetime opportunity, you will hardly see this kind of businesses for sale and especially at such a prime location and a low price.

I am just writing very brief notes below, due to the limit on characters, if you are interested feel free to call me for details, I will be limited to just the basic information unless I get the Buyers Questionnaire and also NDA form received from the interested parties emailed to me at rrpakman@gmail.com.

It's a well-established business and there is no need to struggle to bring in revenues, Seven 3rd party vendors book a major portion of reservations at a minimal commission and the funds come straight to your bank account. It's basically running on auto mode all you have to do is to supervise and keep the systems running smoothly.

The business can also be remotely monitored. In any business, the location plays an important role. This business's location cannot be any better. Just across from the airport and 2 minutes from the main terminals and its the only parking facility on this main road getting cross traffic coming from Beltway 8, Sugar Land, Pear land, Alvin and all of the South West Houston.

The main canopy has nice custom signs printed on Aluminium sheets covering its perimeter and a very attractive checkout booth underneath, 2 entry and 2 exit gates equipped with the most modern parking gate system installed with the Automatic Number Plate Recognition Camera Technology (ANPR) installed on each of the four gates. One exit gate has a check out booth and another one has Self Pay Checkout Kiosk, it can take exact change and it can also process Credit Cards, a complete auto payment system. Inside the checkout booth which also work as a security room has monitors to watch each corner of approximately 4.5 Acre parking lot are professionally installed. Also, screen to monitor and track the shuttle buses with a very advanced tracking system to see their whereabouts. One attendant can check out customers, watch the entire lot and he can also welcome the new customers while sitting in the booth, can also be aware of the shuttles exact position.

The best part is that we operate our business on a very unique model keeping the minimum numbers of employees as compared to our competitors, therefore, our expenses are very low resulting in higher profits.

To build all the infrastructure of this facility cost over $3000000, plus two years struggle to maintain and build the running business is very valuable, carry lots of goodwill.

Approx. 45% of our business is booked by our seven 3rd party vendors money will come straight into your bank account. Out of the remaining other 55%, 96% customers pay by credit or debit cards, therefore, there are very slim chances of stealing money from this business as compared to any gas station or convenience stores. Moreover when customers check out every ticket is scanned and recorded thus maintains a solid data of all transactions in the master server we can provide a multilevel record of our transactions and financial figures mentioned.

Note: You have option either to buy the business and lease the land for long term or you can also buy the business with the real estate/Land. The land price can be negotiated once you are qualified as a Valuable/Capable buyer.
THE ASKING PRICE OF 4 MILLIONS DOES NOT INCLUDE LAND/REAL ESTATE.

Growth Expansion
Have 2 workable plans, I can guide and advise the new buyer, once they are completed can add approximately $85k monthly income to the Parking lot's income within few months of completion.
Plus there is a great potential to get hold of EB-5 investment funds which can be in millions of dollars, this location qualifies as TEA (Targeted Unemployment Area) thus can get $500,000 of investment per person against the sponsorship of a Green Card which is a Govt. of USA program. I have extensiv

About the Business

Location:
Houston, Texas
Year Established:
2016
Facilities:
Checkout Booth
Office trailer
2 Golf carts
Class A RV
Guard dog area
Maintenance shop with all basic and advance tools for any situation
1 Mobile Gas tanker
53 feet sign trailer
2 4' X 12' RBG Colored out door LED signs
6 LED short message signs
5 shuttle buses, 2 are leased ones
1 70 seat bus.
1 4X4 truck for maintenance Serv.
1 SUV for security roundups.
5 Professional two way Motorola Base Radios + 6 Handheld
1 Programmable Solar Portable sign
1 Light Tower/Generator
1 Commercial Sweeper
1 Air compressor
1 Battery jump bo
Website:
park-hobby4less.com
Market Outlook/
Competition:
Comprehensive professional study was done to see the market before starting the project. HOU still lacks in the parking. All lots get full most times of year & HOU is expanding

The unique part is that our competitors are the one refer customers to us many times during the year, because they get full very quickly and send all their overflow to us.

More over our rates are the lowest in the entire area and for a young business in the area competing with giant companies, we are doing very well in this market and have a strong repertoire with our cust
Growth & Expansion:
Since day one we have a solid study growth in revenues and number of clients, our bank statements and merchant accounts are solid proof to show this claim. Once a customer comes in for sure he becomes our permanent customer. We are in profit from our first month of starting the business & almost doubling each year. Have serious plans for expansion & can add extra $85k per month revenue. Plus this project qualifies & can get EB-5 investments low-interest funds which can be in millions, call for details, I can only discuss in private to qualified buyers.
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About the Sale

Reason For Selling:
Father deceased Relocating overseas
Training/Support:
After the closing, seller can provide training and transfer of details for 10 days without any charge, if buyer wants to continue training, there will be a charge of $250 per day.
NOTE:- CASH FLOW mentioned above is with shuttles and land owned with no monthly lease payments.
Seller Financing:
As last ditch effort and Negotiable on case to case basis

Listing Info

ID:
1451747
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  BuyerQurst-NDA.pdf (2 MB)
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Business Listed by
Rehman

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