Listing ID: 82444
Business Overview
Eastgate Mobil Home Park located at 1700 Dechant Rd (A) has 15 mobile homes which 11 are owned by the landlord and 4are owned by other tenants.
There is also a Duplex in this park and each unit is 1 bedroom and 1 bath. Tenants all pay their own utilities except the Duplex, the Landlord pays the first $60 per month and the tenant pays the rest. There is another parcel of land (1700 Dechant Rd (B) ) to the East of the main trailer park which is included in the price of $576,000. This Trailer Park has private roads, private sewer and water lines running to each of the lots. Each lot has an electric pedestal all of the utilities are attached to public utilities. For more information call Lyn Klein, Broker 785-432-3322 or Luke Scoby, Agent 785-650-3237.
Financial
- Asking Price: $576,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
15 Mobile Homes, 11 owned by the Seller plus one duplex. (Home Based)
Retirement
Stable tenants, some open lots, excellent growth potential
Excellent growth potential
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the real factor and the one they tell you might be 2 completely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is very vital that you not depend completely on a vendor's word, however rather, utilize the vendor's solution combined with your general due diligence. This will repaint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply 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. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new clients? Most times, operating businesses have repeat consumers, which form the core of their daily profits. Particular factors such as brand-new competitors growing up around the location, roadway building, and personnel turnover can impact repeat customers and adversely impact future profits. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood median household income impact future earnings prospects?
