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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: [email protected]

Home Based House Flipping Business

Home Based House Flipping Business

Oakland County

Listing#: C2639

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Description

This is a unique and perfectly structured house flipping business. This business has the right foundation set in place that makes it stand out from the average house flipping business. It is home-based with a structured and dedicated team in place. The business has a secretary (who works from home) that finds and securities the houses that need to be remodeled. She also is a licensed realtor when the homes are finished are ready to hit the market. Once a house is secured, the business has 3 independent contractor teams who go in and do the renovations on the homes. These crews typically finish the house within a 3-4 week time frame. The owner oversees the contractors during the remodeling stages and also the home purchasing/selling aspect of things.

The owner has a whole software system in place of what flooring, tile, lights, and other items need to be put in. Since all the homes are remodeled with the same items and materials, the contracts order the materials from local building stores and get to work remodeling. They have a system in place of what things need to get done and in what order so it expedites the remodeling process.

Once the home is remodeled the secretary becomes the realtor and focuses on selling the house. They currently have over five houses that are in process and will bring generate cash flow. This business has flipped 11 homes this year with a gross volume sold of $2,846,000. From that, they have a cash flow of $520,931 from the gain after the homes have been sold. Many of the business aspects are set up with advanced systems/programs to make it easy for a new owner to take over and run successfully.

Currently, all the homes are in a small area of Oakland County. A new owner can expand to other counties and to bigger SQFT homes to build the cash flow even bigger.

The sale shall include any properties/houses owned by the seller at the time of closing provided the purchaser shall either assume any outstanding debt on the properties (and any work in progress) included in the sale or purchaser shall pay off all debts associated with included properties.

Contact us to learn more in-depth about this well-structured business opportunity.

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Business Overview

Revenue $2,846,000
Cash Flow $520,931
Inventory $TBD
Year Established 2007
Seller Financing Yes
Employees 1FT 0PT
Asking Price $1,200,000
Key Statistics
  • Hours of Operation: Monday - Friday: 9 AM - 5 PM

  • Employees: 1 Full Time 0 Part Time

  • Year Established: 2007

  • Year Acquired: 2007

  • Liscence Required: N/A

  • Seats: N/A

  • Parking: N/A

Financial Information
  • Gross Sales: $2,846,000

  • Source: Seller Provided Financials

  • Cash Flow: $520,931

  • Source: Seller Provided Financials

  • Inventory Value: TBD

Seller Financing
  • Business Price: $1,200,000

  • Down Payment: $500,000

  • Monthly Payment: $7,424.59

  • Interest Rate: 5%

  • Amortization Period: 120



Location
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Disclaimer

This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.