Temporary Workforce Housing Development

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Temporary Workforce Housing Development in the Permian Basin
Asking Price:
$18,220,800

Gross Revenue:
$7,592,000
Cash Flow:
$6,073,600
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$4,605,800
included in asking price

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Business Description

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

Year Established:
2018
Number of Employees:
4
Real Estate:
Owned
Facilities:
• 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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Seller is looking into expanding into other housing projects
Training/Support:
Seller is flexible in providing a transitional period of 1 to 3 months for training to the buyer
Seller Financing:
Yes, contigent on offer! We must speak with the prospect by PHONE first.

Listing Info

ID:
1620122
Ad Detail Views:
0

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Business Listed by

Enrique Romero

The Midessa Group

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Certifications:
U.S. Census Data for Ector and Midland Counties, TX
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 Ector and Midland Counties, TX
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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