Real Estate General Contracting

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Real estate general contracting opportunity
Asking Price:
$335,000

Gross Revenue:
$500,000
Cash Flow:
$300,000
EBITDA:
$150,000
Inventory:
$10,000
included in asking price

FF&E:
$100,000
included in asking price

Real Estate:
$300,000
included in asking price

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Business Description

General Contracting Company: 10 years as a start up company; over 5 million in sales. All employees past and present are under contract for a non completion agreement. Artisan Contracting of WNY, services the greater Buffalo NY and Northern Pennsylvania areas as will as Cattaraugus County NY and has had a great 2017 season into 2018 with over $500,000 in combined sales. Many residual contracts are available and I can facilitate a one year transition to ensure good faith to consumer if needed.

Real Estate: 20,020 sq ft commercial and residential rental space; room to develop commercial land into further equity. There are many state and local block grants available for funding projects. Listed at $37.55/sq foot for all property, current renal income is 4400.00 per month The potential growth of rental income is $408,880 when the black three story building is completed. When the planned laundromat is built in the first floor, the projected revenue is $250,000.00 annually. Solar panels and geothermal heating will provide about $80,000 in tax credits. The estimated cost to build out is $500,000. This brings it to a total sq foot investment of $90/ sq foot for an additional $658,000 in revenue. The Wayne street lots can provide a suitable building site for a building ranging from 2000-32000 sq ft depending on builders needs. A sale of multiple properties is more favorable than individual properties.

About the Business

Year Established:
2007
Number of Employees:
6
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
20,020
Facilities:
All properties Can be owner financed:
319 N 8th St, Olean NY 14760: commercial shop location; income 3000/mo asking price 135,000
214 W State St, Olean NY: under construction; 15,400 sq ft.asking price 150,000
306 and 302 Wayne St, Olean NY: corner lot; income 1400/mo asking price 150,000
Website:
www.artisancontractingofwnyinc.com
Market Outlook/
Competition:
4 parcels of property are located in the high traffic business area. 5 of those parcels are on corner lots. 2 parcels are located in average areas near the business districts. There is a high investment rate currently happening in the Olean/Allegany commercial and retail space. Available in this area are many grants and government loan opportunities. The availability of existing income, proven business concept, lease, construction, and property management services provides an opportunity that no other business in the area currently has to offer.
Growth & Expansion:
In addition to the current financial information, the proposed expansion and development of 216 West State Street (see plans attached) has a rent roll of 14 unit apartment building upon completion-$408,880 annually, laundromat after completion $250,000 annual gross revenue. The Wayne St lots of land zoned for a 80x40 strip mall $80,000 gross annual revenue. Main street grants, energy solar grants available. Upon completion, the real estate value would increase 3x the current property value. There is no limit to the growth and expansion.
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About the Sale

Reason For Selling:
relocation/ retirement
Training/Support:
Seller can stay on for ease of transition for a period of one year. Please contact directly for employee description of training and experience. Current leases, non completion agreements and employee contracts are in place.
Gross Revenue
Comments:
gross revenue is construction company only does not reflect rental income or proceeds.
Cash Flow Comments:
after cost of goods sold and labor capital was distributed accordingly
Seller Financing:
prequalified inquiry only can owner finance or sub divide properties

Listing Info

Keywords:
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ID:
1369852
Ad Detail Views:
769

Attached Files Attachment Disclaimer

  survey black building 3 story (660 KB)
Download

  216 interior floor plan (360 KB)
Download



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Business Listed by
john bean

 Show Phone Number

U.S. Census Data for Cattaraugus County, NY
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cattaraugus County, NY
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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