Business Acquisitions, LLC. matches business buyers with business sellers. Associations with various other groups working with mergers and acquisitions has been a natural progression of my business. As a CPA with over 35 years in public accounting I have been involved with the purchase or sale of more than many different businesses. Some have been very large involving multiple locations and multiple countries while others have been in a smaller businesses. My CPA firm was sold in 2007. My experience in working with sellers and buyers both before and after a sale has provided valuable insight as to why some sales work and others do not. With sellers more and more providing financing for the transaction it has become more important that the buyer will be successful. In the 2013 economy, business acquisitions has become a successful way to increase market share. See www.biz-acq.com for more information.
Because I am a CPA, I can offer certain tax advice. Additionally I am a New Mexico Associate Real Estate Broker and Realtor.
Bay City, TX
Seller Financing available with $400,000 down (Non-negotiable) @ 5%. Hotel was at 97% occupancy in March. March Room revenue was over $90,000. Currently running at around 75% occupancy, and should continue at high occupancy levels for many years do to major construction in the area bringing in 10's of thousands of workers over the next several years. Very Profitable Hotel located 1 hour south of Houston. Multibillion dollar refinery expansion (Conoco/Phillips66) lasting till 2018 just now breaking ground. Multibillion dollar Oil and Gas Steel Mill (Tenaris) construction lasting through 2017. Prior to new construction, the hotel was running at approx. 50% and 2013 Rev of $615,000 with $220,000 NOI. Expected to do over $800,000 this year. $15-18 Billion dollar Nuclear power plant expansion just approved in April by The Atomic Safety and Licensing Board.
1 hour south of Houston and 30 minutes from the Gulf of Mexico.
Hotel is Full service and caters to the blue collar worker. Opening the restaurant on the site should increase revenue by $750,000 - $1,250,000 per year.
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