Property,rental income (6),Coffee Shop Nets $100K,Living accommodation

Deland, FL (Volusia County)

Property,rental income (6),Coffee Shop Nets $100K,Living accommodation
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Asking Price: $1,300,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $150,000

Inventory: $5,000

Real Estate: $1,150,000

Established: 2015

Property,rental income (6),Coffee Shop Nets $100K,Living accommodation

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Business Description

This has it all, a retail property on the ground floor that seller runs as a restaurant/Coffee Shop with 4 employees and his wife that makes over $100,000 a year. Living accommodation over the shop that is being totally renovated by the seller and is unoccupied, Four residential properties, and two shops that are fully rented out, The coffee shop that can be changed to any type of food service or any type of legal/ Attorneys or real estate office. The location is in the heart of a university town in Central Florida and in the Historic part of the town, This property is ideal for a restaurant person that wants to live over the shop or for an investor occupier that wants his own office in the best part of a country town. Or an investor that just wants a good return on a rental property that has very little risk because of its diversity of tenants. The property is a work in progress and has not reached its maximum income as no rent is collected from the coffee shop or the living accommodation above the ground floor unit.
This is a very interesting piece of property and is just right for an investment visa E-2 or L-1 or for an owner occupier, overseas investor or for a mum and pop first-time investors that wants something very very safe !.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
7,000
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Rental income from apartments (4), Living accommodation above the shop, not rented, Coffee shop restaurant, rental retails shops (2), Basement not rented.
Competition:
Located in the best part of town where all of the businesses and historic buildings are located. It is where all of the restaurants and boutique shops are.
Growth & Expansion:
Seller does not open on Saturdays or Sundays and only serves a very light menu and closes at 4:00 pm each day.
Support & Training:
Seller will stay for 2 weeks to handover or train a buyer.
Reason for Selling:
To build a Bed and Breakfast up North.
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John Price

Business Listed By:
John Price

John Price Broker & Associates

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