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Investors Needed For Mall By New Bogota Airport
Location: Colombia -> Bogota
Industry: Real Estate > Commercial and Residential Real Estate Brokers




Business Summary

The head of the consortium passed away due to COVID.
This is a $190 million project to build a new mall near the new El Dorado II airport, in Bogota, Colombia. Millions live in Bogota, and many come here to shop.
If you're not familiar, Bogota is like the DFW of South America. Much of the air traffic between North and South America uses this city as a hub to re-fuel.
The new airport is upscale and will be located in the suburbs of Bogota. The planned mall and real estate development is near a city called Mosquera.

The mall concept is based on the outlet mall concept that is popular in the US.

Currently, the Visas required to access the outlet malls in Miami, Houston, and Dallas from South America are extremely limited. The average sales price of the same goods in South America is about double, in US dollars. There is a huge amount of pent-up demand for quality brands. This demand is obvious all over South America.

A prospectus is available upon request.

What's needed is investment to continue the work of the previous consortium. This specific project is to develop the outlets' capacity, to get them ready for franchises.

The permits are ready. The applicable zoning laws are adhered to. This is zoned for heavy commercial, and is the only zone of its kind near the new airport.

$1 million dollar minimum investment commitment is required if you'd like to be part of this. All investments will go through appropriate lawyer sessions.


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   $20,000,000
Cash Flow:   $20,000,000
Cash Flow Type:  EBITDA
Inventory:  $190,000,000
Seller Financing:  No

About The Business

Year Established:  2020
Number of Employees:  > 200
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Previous leader of consortium passed away due to COVID.




Print Listing Id: 700364692
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