This business is part of a larger chain and is currently being operated by a real-estate developer with a full time job. He has the business running very well but feels he can make a better return with some development opportunities.
In 2022 the seller ran unrelated business expenses through the company making financing slightly more difficult to obtain but he has excellent 2023 records. A buyer will likely need to bring $250k cash to the table to get a deal closed here, that along with some available bank/seller financing combination should get the job done.
This is the real deal and likely won't last long. I know we've all seen some crazy math from brokers in the past but this will not require any effort or imagination to understand. This is investment grade.
The numbers advertised are straight from the 2023 tax returns with line 7 (Officer salary) and line 14 (Depreciation) added back. $194,720 was the total 2023 owner benefit.
This business has been lender pre-qualified which means you could own a business cash flowing over (rounded SDE amount) for only 50% down!
Seller Financing Available for a Well-Qualified Buyer.
Inquire for more details.
