Multi-Location B2C Service Suites Business and Commercial Real Estate

Asking Price$5,900,000

Cash Flow
$638,644
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$971,102

Inventory$10,000
Not included in asking price
FF&E$500,000
Included in asking price
Real EstateNot Disclosed

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Multi-Location B2C Service Suites Business and Commercial Real Estate


Asking Price$5,900,000

Cash Flow
$638,644
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$971,102

Inventory$10,000
Not included in asking price
FF&E$500,000
Included in asking price
Real EstateNot Disclosed

Business Description
This is, on one hand, a real estate opportunity. The real estate components are excellent assets located in well-maintained areas. Still, it has, on the other hand, almost 20 years of professional retail service provider tenants occupying the units and has collected rent-based revenue at a consistent level with very high occupancy at each location. So, this is also a very straightforward professional service tenent-property management opportunity.

This real estate sale and commercial long-term tenants management includes multiple commercial real estate locations, comprising this group of modern retail-facing B2C cooperative professional service offices included in this sale. Each location offers spacious individual units at excellent rates, designed for personal service professionals to accommodate their customers or clients with the best attention in these upscale, professional individual or multi-office-type environments. These fully equipped offices are designed to suit your tenant's aesthetic by utilizing beautiful interior materials tailored to each tenant's taste. On average, approximately 1.5 dozen professionals are located at each site, serving their specific customer base. The locations are approximately 96% occupied on balance. Many tenant units at each location are as much as 20-30% below market rent, according to the seller, and can be increased by a new owner by phasing in increases over the coming years.

* Note: This is not likely an SBA loan-type opportunity, as it is not an owner-occupied business model, since dozens of other professionals occupy the units as tenants. As a result, this will likely require real estate-style commercial lending, which may mean a 20-30% down payment unless it's entirely funded through investor/partner funds. It will also likely include, at some lenders, the requirement for an account at the institution, which may necessitate maintaining an additional 10-15% in a compensating balance account.

** The content of this summary listing information or related details as provided by the seller may be updated or revised without notice at any time once new or more current information becomes available.
About the Business
Years in Operation
18
Currently Home Based
Yes
Facilities & Assets
The gross square footage of all locations combined is approximately 17,452 square feet. The rentable square footage of all locations combined is approximately 11,168 square feet.
Market Outlook / Competition
Consistent, professional, and growing demand for modern office suites within the building layout. High-quality and well-kept building environment and operations set the standard in this case.
Opportunities for Growth
The locations are approximately 96% occupied on balance. Many tenant units at each location are as much as 20-30% below market rent, according to the seller, and can be increased by a new owner by phasing in increases over the coming years.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
17,452
About the Sale
Seller Motivation
Semi-Retirement, relocation,and family obligations.
Transition Support
This is a very straightforward operation and will require minimal training, but training will be provided in as much as needed and agreed during the purchase process.
Financing Options
This is not likely an SBA loan-type opportunity, as it is not an owner-occupied busin
Listing Info
ID
2415944
Listing Views
43

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Business Listed by: Dennis Hansmann American Business Acquisitions Inc.

Listing ID: 2415944 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.