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Financial Information

Asking Price: $850,000

EBITDA: $140,000

Gross Revenue: $192,000

Cash Flow: $140,000

FF & E: $30,000

Inventory:

Financing: No

Business Location

N. Metro Atlanta

Description

Located in Woodstock, GA with fully built out support rooms and great finishes. The building is executive office suites with computer network and internet access. They just recently started offering and promoting virtual office services. The seller is motivated as he needs to concentrate on another one of his successful businesses that is in a strong growth mode and needs his full attention.. He, therefore, just dropped the price by $100,000. Therefore based on historical numbers the cap rate would be 13 at the new price and based on current tenancy going forward the cap rate would be 21 or if as an absentee owner the cap rate would be 17. This is a fabulous opportunity for someone to be either an onsight manager or absentee owner with an employee manager to realize a good income while building real estate equity with mortgage payments covered by the income with a further income to pocket. This would qualify for a bank loan.

REASON FOR SALE

Seller needs to attnend to the development of another business.

facilities

Executive office finishes and layout, with attractive lobby and conference areas. Just off major commercial corridor intersection. The building has 25 individual offices, 2 large conference rooms, 4 bathrooms, fully furnished break room. Building was renovated in 2013 with new carpet and paint throughout the building and upgrades done to the bathrooms. The phone/internet system was also upgraded.

Details

Home Based:
No
Franchise:
No
Relocatable:
No
Real Estate Available:
Yes
Real Estate Included:
No
Full Time Employees:
0
Part Time Employees:
0

Ray Boreham

Senior Intermediary/M&A Advisor
770-936-9099 x 801

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