Asking Price: $18,220,800 Gross Revenue: $7,592,000Cash Flow: $6,073,600 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: $4,605,800 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.
The Company is a pre-revenue Temporary Workforce Housing Development that will be offered a contingency to hand over the project at full occupancy.
About the Business
Number of Employees:
• 20 acres of land • 28 – six-bedroom modular housing units • 20 – two-bedroom VIP suite mobile homes • 2800 sq. ft Home on property with 1 barn, 1 café, 1 workshop / shed • Permitted legal “Mobile Home Recreational Community” subdivision • Civil Engineered site plan, and permitted septic system • 5 water wells, and $80K in water storage and distribution system • Legally Permitted for 126 mobile home units of any room count (2-6) as they property is legally subdivided into 10 lots. • $300K in Power upgrades, panels, to 7600 Amps • Fiber Optic Cable to the Property and Wi-Fi distributed via modems park wide and in every building • 26’x58’ day room used for catering breakfasts and dinners • 26’x58’ Gym loaded with commercial grade cardio, machine and free weight equipment.
The Permian workforce housing industry is an amazing anomaly compared to other forms of residential or hospitality engagements in dramatic inverse risk and time versus costs per door. The 50,000 to 70,000 incoming workers over the next few years are arriving to an area without housing availability. Employers pay for housing as most employees do not reside in the Permian Basin.
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 & Conditions.