Real Estate Business - Gulf Coast - Established

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Real Estate Business - Gulf Coast
Asking Price:
$259,000

Gross Revenue:
$1,336,093
Cash Flow:
$148,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$20,000
included in asking price

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Business Description

This established Real Estate Business has 9-agents that include the qualifying broker and the 2-owners and all would like to stay with the new owner. All employees are independent contractors.
This successful office has plenty of active listings and presently have 45 active properties listed for sale and are showing strong sales every month. In 2018 the business sold 65 properties with over $25 million in sales. In 2019 this company was ranked number 39 out of 269 real estate offices in the Baldwin County.
They have a very active and profitable property management side with 16 short term rentals and 9 long term rentals. In January of 2019 they just added a new RV resort condo facility and all sales and property management activities are exclusive to this business, they now have added 30 short-term rental units in the system. The business just purchased a specialized property management software program to handle the new business and this will allow them to continue to grow even more. All of this is in the fastest growing county in Alabama and all along this Gulf Coast resort area.
The business recently acquired new space and is in the process of expanding, this new location is very visible on the main beach highway with a reported 30,000 vehicles a day driving buy. This will give them more room for offices plus more services can be added. The owner just spent $60,000 in renovations for this move.
The sellers would like to stay and work as active agents for a new owner; both are just ready to slow down and work at a reduced pace. The seller will provide 30 days free training and management and will stay on as manager for 5-additional months at $3,000 a month.
Personal financial statement required; this does not include any Real Estate and does not qualify for co-broker.
Price to sell fast and great opportunity to live and work in a Gulf Coast paradis

About the Business

Location:
Gulf Shores, Alabama
Year Established:
2010
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$3,500.00 Per Month
Facilities:
The location is very visible on the main beach highway with a reported 30,000 vehicles a day driving buy.
Market Outlook/
Competition:
In 2019 this company was ranked number 39 out of 269 real estate offices in the Baldwin County.
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About the Sale

Reason For Selling:
Slow Down
Training/Support:
The seller will provide 30 days free training and management and will stay on as manager for 5-additional months at $3,000 a month. Would like to stay on as an active real estate agent.

Listing Info

ID:
1635216
Ad Detail Views:
0

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Business Listed by

Lanier Chew, CBI

Sunbelt Business Brokers and Business Brokers South
License# 61085

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