- April 22, 2020
- Posted by: Waldon
- Categories:
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| Company Name | 98 Units Palm Bay, Florida |
|---|---|
| Contact Name | Camiren Dalrymple |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (574) 485-3371 |
| Opportunity Name | 98 Units Palm Bay, Florida |
| Location of Business | Palm Bay Florida |
| When was the business started? | 1977 |
| What is the business most known for? | 13 Buildings and 98 Units |
| Who is/are owner/owners? | Privately Held |
| Why sell the business? | Portfolio Liquidation |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | Sell complete portfolio |
| Who will remain on the ownership level? | No one |
| Is the owner(s) planning to stay around? If so, what is their thinking? | No |
| What is the maturity level of the business? | Post Revenue and Profitable |
| EBITDA or Profit for same period | $642,627 per year |
| Trailing 12 Month Revenue | $1,112,504 per year |
| Trailing 12 Month EBITA | $642,627 per year |
| Any significant debt on the business? | Zero Debt |
| Why did the business start? | Rent Roll |
| Why did the business start? | Rent Roll |
| How did business get to where it is at? | Occupancy rate 96% |
| Aggregations or Organic growth? | Organic |
| Any tailwinds or headwinds facing business/sector? | Value Add with a Cap Rate of 5% |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | PRICE: $12.5M+ 3% Fee Palm Bay, Florida 32905 Gross Annual Income: $1,112,504 Annual Expenses: $469,877 Net Operating Income: $642,627 Occupancy: 96% Cap Rate: 5% Value Add, Value Add |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | Built-in 1977 13 Buildings Zero Debt No Seller Financing All Cash Financials and Rent Roll Available |
| Provide any additional notes, information or data that supports this opportunity | $12.5M Price with a 3% fee |
| Date Created | January 3, 2023 |
| Date Updated | January 3, 2023 |