Well Established Turn-Key Business with Real Estate and 2 Acres

Undisclosed Address, Bolivia, NC 28422
Hospitality for Sale
Catylist Listing ID: 30647768
Number of Units: 1 Units
Building Size (RSF): 4,802 SF
Gross Building Area: See Agent
Gross Land Area: 1.96 - 1,096 Acres
Sale Price: $679,000
Unit Price: $679,000 Per Unit
Property Use Type: Business
Building Name: Canine Academy
Name of Establishment: Canine Academy
Sale Terms: Cash to Seller, Other
Cap Rate: 15.0%
Last Updated: 9/11/2020

Overview / Comments

Well established business with real estate and very little to no competition just 15 min. from gorgeous NC beaches! Owners have worked this business for many years successfully with about $100-150K per year of positive cash flow, and are ready to retire and train a new owner. Expenses are VERY low, real estate taxes are only $1713/year, there is hardly any advertising being done, very small retail section, and plenty of room to grow! The building includes a large training arena, reception/office, retail area, laundry, kitchen, half bath for employees and customers, boarding area, extra room to add grooming and other services, large fenced grassy space, and a private apartment with 1 bedroom 1 full bathroom, living room, etc. for an owner or Manager to use! Assets include yard maintenance equipment, training equipment, office, and retail inventory for sale. Manager would like to stay on and seller will stay for 3 months to train a new owner!

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $1,713 (Annual)
Tax Value Land $58,800
Tax Value Improvements $218,600
Tax Value Personal Property $20,000
Assessed Value - Total($) $277,400 (Annual)
Gross Operating Income $200,000 (Annual)
Net Operating Income $135,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Taxing Authority: Brunswick County
Tax ID/APN: 15300036
Zoning: COMMERCIAL LOW DENSITY
Retail Clientele: General, Family, Traveler, Other
Property Visibility: Excellent
Largest Nearby Street: Highway 17
Area Description: Small, family friendly coastal community
Nearby Attractions: NC beaches like Cape Fear and tourist attractions
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Roof Type: Sawtooth
Parking Description: Large lot with plenty of spaces
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Climate controlled dog training and boarding with arena, reception area, retail,office, laundry, kitchen, bathroom, and private 1 bed 1 bath apartment for owner or Manager to live in if needed.
Zoning Description: Commercial Low Density
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: 1.96 acres and building convey with sale of business
Legal Description: 1.96 AC PL 20/298 US 17

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