Located in Woodstock, GA with fully built out support rooms and great finishes. The building is executive office suites with computer network and internet access. They just recently started offering and promoting virtual office services. The seller is motivated as he needs to concentrate on another one of his successful businesses that is in a strong growth mode and needs his full attention.. He, therefore, just dropped the price by $100,000. Therefore based on historical numbers the cap rate would be 13 at the new price and based on current tenancy going forward the cap rate would be 21 or if as an absentee owner the cap rate would be 17. This is a fabulous opportunity for someone to be either an onsight manager or absentee owner with an employee manager to realize a good income while building real estate equity with mortgage payments covered by the income with a further income to pocket. This would qualify for a bank loan or with a larger down payment the seller would do some seller financing.
Mobile Home Park is at 100% Occupancy With a Waiting List 3 acres with frontage on two major roads. Prime commercial property currently being used for two business - a convenience store and a mobile home park with 42 units. Both business are currently being operated by landlord with a manager in place. Landlord has owned the property since 2005. The convenience store is doing $65,000 Inside. The Mobile Home Income is $20,000 a month and the Laundromat Income is $3,000 a month. Please do not speak with the manager or the employees. Please call or email for additional information.
Blue Ridge, GA
Turn-key premier personal care day spa and resort-style suites of 1-bdrm, 2-bdrm and 3-bdrm with kitchens. Entire facility is approximately 33,500 sq ft on three levels. Sale includes the extremely successful business as well as the real estate sitting on 1.6 acres. With an asking price of $4,450,000 the value of the real estate is about $132 per sq ft without allocating any value to the ongoing business. Realizing that the business is achieving gross revenue in excess of $2.0 million per year makes this an incredible investment for a new owner / operator.
Hotel, motel or timeshares in White County, within a short walk to the water park.
Owner-Financing Available! American-Owned ! 65 unit Independent Hotel located in North Georgia Mountains. Seller runs absentee from Texas. Occupancy rate over 40%. ADR $65.00. Sales $733,000 2014 year-end sales. All sales documented and provable. Amenities: Interior-Corridor /Elevator/ Heated Pool & Spa. Expenses per year: Gas 11K, Electric 42K, Water & Sewer 7K, Trash 1K, Cable 9K, Phone 13K, Salaries ( a big one) 185K, Property Tax 15K, ins 11K, Bookk 2K, Hotel Tax 11K, Ga Sales Tax 15K, Breakfast Bar 54K, office Supplies 3K, Maint Supplies 11K, Credit Card Proc 23K, No Franchise Fees. Serious and Quailfied buyers only. Seller will do owner financing with $600K down and balance financed for 15 years at 5% interest.. New Casino under-construction in Andrews, N.C. Google it! Mark McKernan KW Realty. Agent. 770-584-8130.
With easy access to the Interstate, this hotel is approximately 12 miles from the Atlanta Motor Speedway, 25 miles from the Atlanta International Airport, 29 miles from the International Convention Center, and 23 miles from Fort Gillem Army Base.
This business is a 47 acre destination resort located in the North Georgia Mountains. Established in 2006. Within the business are 60 park model lots, with 37 lots remaining to be sold. The 12,500 sq ft Lodge anchors the property with eleven guest rooms, bunk room, full service restaurant & bar, swimming pool, wrap-around porch for dining and entertainment, a large Grand Hall for events, garage, board room, and natural Amphitheatre. Under current management, the resort operates year round with many special events, destination events, live music, charity events, and holiday events. The restaurant is open weekdays in the evening and all day Saturday and Sunday. Groups are a main driver of business throughout the year, and motorcyclists account for about 60% of current guests. The current owners have divested the original model to encourage local traffic in the restaurant and bar and have successfully recruited additional business in weddings, corporate retreats, family & high school reunions to civic/social club gatherings and bicycling camps. Since the new owners took over in October 2009, there have been six new cabins constructed, ten new cabins sold and constructed. In addition, there have been seven other re-sales of previously constructed cabins. The cabins range in size from 400 to 512 sq ft with one and two bedroom floor plans available. The current manufacturer of the park model and modular cabins is Green River Cabins in Campobello, SC. Of the 27 cabins on the resort, 21 participate in the rental management program. Cabin owners receive 70% of the rental proceeds less credit card fees and housekeeping. The business holds exclusive rental rights for all cabins located on the resort. Property has room to construct 30 new homes. One of the largest hurdles at this time is the lack of cabins. The resort stays sold out all weekends from Memorial Day through October, with a regret rate of at least 20% on busy weekends. Mid-week business has increased tremendously due to targeted marketing efforts and is the primary driver of the increase in Lodging from 2012. Net Profit was $124,700 in 2013 $156,400 through August 2014 Gross Sales for 2014 was approximately $1,250,00 with profit about $475,000. 2015 is looking stronger then previous year. Priced at $2,200,000 OBO. Owner will review all Offers.
Union City, GA
This hotel was just opened June 2013. Absolutely gorgeous property turn key ready for new ownership. In the first 30 days this hotel hosted a wedding and numerous traveling ball teams. Excellent reviews online and located at Union Station Mall which recently began to host complimentary concert series and holiday events. Future renaissance of Union Station is highly probable with economic improvements 2013 and ongoing.
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