CONSTRUCTION - #5260
Location: Iowa > Polk County > Des Moines
Industry: Building and Const. Services > Construction Sub-Contractors
Financials
Asking Price: $6,950,000
Gross Revenue: $1,504,351
Cash Flow: $203,015
FF&E: $5,000 (Included in Asking Price)
Real Estate: $6,550,000 (Included in Asking Price)
Seller Financing: No
Business Summary
CONSTRUCTION: This business does real estate renovation, rental, new construction and sales. The business started in 1999 by acquiring distressed properties and HUD repossessions with a strategy to sell properties and keep other properties as rental units. Over time, the number of renovations and rental units grew. In 2003, the seller started building new duplex units and selling them. A year later a large apartment building was acquired as a bank repossession and sold. Current owner nets over $203,000.
About the Business
Year Established: 1997
Employees: 1 full time -
Relocatable: Yes
About the Sale
Management Training and Support: The seller will assist in all facets of training for a smooth transition.
Reason For Selling: Other interests
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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