This is structured as an asset sale that includes a very impressive building and location. Included in the sale is the real estate valued by the bank at $1,700,000, furniture, fixtures and equipment with a value of $100,000, inventory of $100,000 at cost, and a business with a cash flow of $145,000 and a business value of $325,000.
The real estate consists of two connected buildings; the stunning showroom of 6,000 SF and the warehouse of 10,500 SF. The buildings are only 7-years old. All of this is on 2.6 acres. A major 540 acre theme park and hotel development is now under construction next to this property and this will only increase the value of this real estate.
Building materials and custom kitchen and bath sales and design are only part on the outstanding business. The business sells, designs and installs custom cabinets, doors, windows and hardware and is the only facility of its kind in the Gulf Coast region. A very notable list of major brand names and all at prices that is below the competition due to the special buying group that they belong to, still with very good margins. Very high end look at great prices. Once you come in the front door you will see that you are in the right place for custom building materials.
The cash flow of the business will cover the debt service on the entire purchase while the real estate continues to appreciate. Favorable seller financing is available to a qualified buyer with acceptable down payment.
Asking Price $1,700,000
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