Asking Price: $259,000 Gross Revenue: $1,336,093Cash Flow: $148,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $20,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Gulf Shores, Alabama
Number of Employees:
Building Sq. Ft.:
$3,500.00 Per Month
The location is very visible on the main beach highway with a reported 30,000 vehicles a day driving buy.
In 2019 this company was ranked number 39 out of 269 real estate offices in the Baldwin County.
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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
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