benjamin trawick
hardy, AR (USA)
Role(s):
Hardy Project
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Startup
Location:
hardy
Industry:
Retail/Clothing
Year Founded:
1984
Number Employees:
INVALID
Description:
Opportunity to purchase 3 properties and two businesses in a bustling tourist town.
Owner offered property and businesses for what was owed to the bank. $289,000
Businesses did $174,000 in gross sales. $16,800 in rental income.
Businesses are 20 years old.
Properties appraised Feb2004 for $500,000
I need $289,000 dollars to purchase these properties and another $60,000 to modernize and stock businesses.I have $15,000 cash on hand.
$174,000 gross sales for these businesses is pathetic considering the location and products they sell.
Using my business plan these businesses should easily do $300k-350k each year