Metro Atlanta Georgia Business for sale

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Metro Atlanta Georgia Business for Sale

This Company Provides Exterior & Interior Maintenance For Foreclosures

Metro Atlanta, Georgia
This company had sales of $2,252,375 for 2008, $2,379,811 for 2009 and $3,117,085 for 2010. It services a niche and has clients that are banks who REO(real estate owned properties.) These properties need to be properly maintained so that they can be sold to HUD. Current owner says that you will need working capital of $200,000.

Financials

Price: $1,000,000
Gross Income: $3,117,085
Cash Flow: $402,196
FFE: $200,000
Inventory: $0
Real Estate Value: $0
Source Data:

About the Business

Listing ID: #10400777
Year Established: 2007
Financing: SBA LOAN AVAILABLE. $900,000 down with $100,000 @ 6% over 10 yrs. with 3 yr. balloon
Training: Owner will provide 4 weeks of transitional assistance
Facilities: 5,000 sq. ft. of warehouse and office space. Lease started June 1, 2009 and expires August 31, 2014. There is a 5 year option. Current rent is $3,700/MO. and includes CAM.
Competition: There are many Mom and Pop companies, but this company with 35 employees is one of the six largest
Growth: Secure addional bank relationships or spread into non-bank areas.
Business Listed By
Name: Loren Marc Schmerler
Company: Bottom Line Management
Phone: 770-977-7334

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The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

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