Listing ID: 70112

Business Overview

True Avenue is a Nashville based property management firm which services the booming Davidson and Williamson County real estate market. True Avenue utilized state of the art software through streamline, to market and rent out our properties on behalf of sophisticated investors from around the world whom have developed enviable property portfolios in Nashville, Franklin, and Brentwood Tennessee.

Nashville is one of the fastest growing rental markets in the United States in nearly every rental category. True Avenue manages the marketing, reservations, billing, and any repairs or maintenance needed on the properties. We offer high end properties that are used by AirB&b, VRBO, and a portfolio of properties which are nicely furnished corporate rentals, as well as unfurnished long term rental homes.

Tourism and relocation to Nashville is expected to continue to see record breaking growth and development long into the foreseeable future.

Financial

  • Asking Price: $880,000
  • Cash Flow: $165,000
  • Gross Revenue: $337,923
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $27,000
  • Inventory Included: Yes
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:400
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Approximately 25 Residential Properties. These consist of Single Family Homes, Condominiums, and Townhomes. (Home Based)

Is Support & Training Included:

90-180 Days of Training with Accounting / Bookkeeping, Sales & Marketing, VRBO & Airbnb Platform, Trust Fund Management, and Scheduling / Inspections

Purpose For Selling:

Owner is retiring

Pros and Cons:

Nashville TN Travel and relocation are booming and projected to grow dramatically in the next 10 years. The business simply needs a hands on owner to grow the business easily in a bull market. This business requires a committed owner / operator that is willing to multi-task and put in the time required.

Opportunities and Growth:

Growth is easy and the opportunities are endless. Immediate follow-up on inquiries requires a strong commitment to respond to inquiries immediately. The Nashville Franklin market is white hot right now for Property Investors. The field is full and plentiful.

Home Based:

This Business Is Home Based

Additional Info

The business was started in 2018, making the business 4 years old.
The deal will include inventory valued at $27,000, which is included in the requested price.

The company has 1 employees and resides in a building with disclosed square footage of 400 sq ft.
The real estate is leased by the company for $600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. However, the genuine factor vs the one they tell you might be 2 completely different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is very crucial that you not depend entirely on a vendor's word, however rather, make use of the vendor's answer together with your general due diligence. This will paint a more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in new customers? Often times, companies have repeat customers, which form the core of their day-to-day revenues. Particular aspects such as new competitors sprouting up around the area, roadway building and construction, and personnel turn over can influence repeat customers as well as adversely influence future revenues. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the higher the opportunity to construct a returning client base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the local median house earnings influence future revenue potential?