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Asking Price$450,000

  • Year Built 2020
  • Tax Year:

    2020
  • Property Type:

    Business Opportunity
  • Parking:

    Assigned ParkingCommon Parking

Description

$450,000

Kitchen and bathroom remodeling business is looking for an investor for 50% share of their pembroke pines branch. company operates in the kitchen and bathroom renovation field and has branches in pembroke pines and boca raton. 3 existing partners have decided to sell 50% of the first branch with a value of $450,000. currently, this location generates $300k-$400k in net profit/year and the new partner will be entitled to 50% of the net profit to be generated. (100% valuation is $900k. 50% value on sale is $450k) to a prospective investor who will be in charge of the business and will work full time and get paid a salary of $72,000/annum in addition to the profit share. for 3-months period after the sale, all necessary training will given to the new partner and full support will be provided.
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