- April 22, 2020
- Posted by: Waldon
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| Company Name | 50 Units The Island - Chicago, IL |
|---|---|
| Contact Name | Waldon Fenster |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (312) 330-5105 |
| Opportunity Name | 50 Units The Island - Chicago, IL |
| Location of Business | Island Neighborhood of Chicago |
| When was the business started? | 1925 |
| What is the business most known for? | a two-property, 50-unit portfolio in the Island neighborhood of Chicago, Illinois |
| Who is/are owner/owners? | Privately Held |
| Why sell the business? | This opportunity allows an investor to purchase a well-maintained asset with potential for strong cash flow to hold long-term. Located in a solid rental market, a new investor has the potential to achieve double-digit cash-on-cash return through continued unit renovations. |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | Completely sell |
| Who will remain on the ownership level? | N/A |
| 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 | see attached |
| Trailing 12 Month Revenue | see attached |
| Trailing 12 Month EBITA | see attached |
| Any significant debt on the business? | no |
| Why did the business start? | - |
| Why did the business start? | - |
| How did business get to where it is at? | - |
| Aggregations or Organic growth? | Organic Growth |
| Any tailwinds or headwinds facing business/sector? | location |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | location |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | location |
| Financials | Two-Property-Island-Portfolio-Offering-Memorandum-1.pdf |
| Date Created | January 19, 2023 |
| Date Updated | January 19, 2023 |