Financial Information
| Asking Price: |
$6,175,000 |
| Gross: |
$1,504,351 |
| Cash Flow: |
$203,015 |
| Furn., Fixt., Equip.: |
$5,000 (included in asking) |
| Real Estate: |
$6,550,000 (included in asking) |
|
Business Information
| Location: |
Des Moines, IA |
| Year Established: |
1997 |
| Employees: |
1 |
|
Listing Details
| Business Type: |
Established |
| Home Based: |
No |
| Category: |
|
| Construction Builders > Service |
| Listing Date: 10/13/2008 - 8:26:42 am |
|
|
| Contact Broker/Seller |
Contact the person selling this business by clicking the "Reply To Ad" button.
|
| Broker/Seller Info |
Contact Name:
Roy Huffman
Business Name:
First National Business Corp.
Phone Number:
(866) 800-0990
Website:
Visit Website >>
|
| Listing Disclaimer |
| The information contained within this business listing is provided by the broker/seller who published it. BizHwy cannot guarantee its accuracy or completeness, and assumes no responsibility for its content. |
|
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.
|
