Cash Flowing Storage & Studio Rehearsal Studios
Location:
United States
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Minnesota
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Saint Paul
Industry: Business Services > Other Services
Business Summary
The basement floor of the Rossmor Building is available as a commercial condo. Tax value of the condominiums is $171,000. In these condos exist two cash flowing businesses. One business is storage units for the 130 residential condo owners who live in the above floors. The second business is music rehearsal studios for a nearby music school. This is a low maintenance business with a 12%-16% CAP Rate. There is a new development being built across the street in late 2009 that will continue the growth of Downtown & increase property values. Potential seller financing.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$115,452
Cash Flow:
$64,208
Cash Flow Type: EBITDA
Seller Financing: Yes
About The Business
Year Established: 2007
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Yes.
Photos
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Click on the "I'm Interested" button above for more information on this Business Services > Other Services business for sale.
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Print Listing Id: 700101975
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