Offering For Your Consideration

Transcription

1 222 West Main Street Hyannis, MA Offering For Your Consideration Cape Cod Franchise Restoration Business Cape Cod Location Profitable Turn Key Opportunity Business Only Fully Equipped Restoration/Remodeling Proximity to Major Highway(s) Nationally Recognized Franchise Seller Willing to Manage Business For Investor As Employee, 1-2 Yrs.

2 Table of Contents Confidentiality and Disclaimer 3 Transaction Advisors 4 Business Summary 4, 5 Location Information 5 Ownership 6 Lease 6 Financial Data 7 Offers 8 Assessment of Opportunity 8 About Commercial Realty Advisors, Inc. 9 Addenda: Furniture, Fixtures and Equipment, Financial Data, Demographics. 2

3 Confidentiality & Disclaimer The Offering Document was prepared by Commercial Realty Advisors, Inc., from and on information furnished by Paul Davis Restoration of Harwich and Josaban, Inc. No guaranty, express or implied, is made as to the accuracy or completeness of this information, and it is subject to error, omission, change of price, change of description or condition, or withdrawal without notice. Commercial Realty Advisors, Inc., has not independently audited or verified any information, financial projection, legal description, use or permitted use, zoning, lease, sketch or plan. No projection of future income has been made or is guaranteed by Commercial Realty Advisors, Inc. or Paul Davis Restoration of Harwich and Josaban, Inc. The recipient acknowledges its responsibility to perform a due diligence review at its own cost prior to any acquisition of the subject Business. Commercial Realty Advisors, Inc., represents Paul Davis Restoration of Harwich and JoSaban, Inc., who are the Sellers, on an exclusive basis. Commercial Realty Advisors, Inc., and any other brokers or salespeople represent the Sellers, not the Buyer, in the marketing, negotiation and sale of this Business, unless otherwise disclosed. This Offering Document is proprietary to the Sellers and any related legal or beneficial owner and to Commercial Realty Advisors, Inc. This information is made available to you because you represented that you were interested in purchasing the Business. Should you decline to make an offer to purchase the Business, or should the Sellers not accept such offer, you agree to return promptly this Offering Document and any other information provided to you. You acknowledge that you will treat all such information as a secret. You will not reproduce, discuss or in any way share such information with any party, including the Sellers, their employees, landlord, agents, customers, creditors, suppliers or competitors, unless prior written permission is granted by Commercial Realty Advisors, Inc. 3

4 Transaction Advisors Legal Counsel Marion Hobbs, Esq Main Street Brewster, MA Certified Public Accountant Hilary S. Gagnon PO Box 444 Harwich Port, MA Business Broker Bill MacKenzie, Broker Associate Commercial Realty Adv Ext Business Summary Opportunity to own a Nationally known franchise business that is a turnkey operation. Current owner has developed contacts in the restoration/ remodeling business for over 20 years and is ready to start a new venture. Paul Davis Restoration, Inc. is the well known franchise, and awarded the current owner exclusivity for Cape Cod, Nantucket and Martha s Vineyard. The owner has developed a constant referral source of business from insurance companies, business associates and past customers. The primary goal, and reason for success, has 4

5 Business Summary, cont. been to provide professional service to customers in need of emergency service, 24/7. Opportunities exist for new owner to take this operation to an even higher earnings level. Extensive four (4) week training will be provided by the Franchisor, Paul Davis Restoration, Inc. at their state of the art facility in Jacksonville, FL. The new owner (s) will be trained in all aspects of the restoration, construction programs, systems, accounting, etc., offered to help insure a successful start in this competitive industry. In addition, the current owner will handle local orientation and is even willing to stay on as a hired employee and/ or manager for 1-2 years to insure a smooth transition with key business contacts. The two phases of Customer Emergency Service are: First, when an emergency arises, service is provided at the location within 2 hours. This is key. Second, remodeling, construction put it back together. with a group of professional technicians and experienced work crew that do the work correctly the first time and on schedule. Location Information Paul Davis Restoration is located in Harwich, part of the Mid-Cape area and is close to main highways with access throughout Cape Cod and transportation via ferry or airlines to Nantucket & Martha s Vineyard. This exclusive area is protected by a written agreement with corporate and will be transferred to new ownership. The industrial condo is on Main Street, Harwich and built in 2009 as part of a small industrial park. 5

6 Ownership Paul Davis Restoration of Harwich, is organized under the laws of the Commonwealth of Massachusetts. It is owned by David Rome of Harwich, MA. Premises The storage facility is approximately 1,400 S/f and has a separate& private business office (20 x 20 +/-). Outside fenced in storage area, 20 x60 which includes a weather tight container 20 ( L) x 8 (W) x 8 (H), is a plus. Owner plans to lease this Industrial Bay condo, but would consider selling to a qualified buyer. Lease to be negotiated with Owner and will be monthly rent (NNN) plus utilities. Condo fee is $50.00 per month. Asking price for Industrial Bay Condo to be sold separately is $250,000. There is no seller financing offered on the sale of the business, the condo, or both. 6

7 OFFERS The nationally owned business franchise, Paul Davis Restoration, located in Harwich is offered for sale, Business and Real Estate, for Seven Hundred and Twenty-Five Thousand Dollars ($725,000). If the Business and Real Estate are sold separately, the Business will be offered at Four Hundred Eighty nine Thousand, Nine Hundred Dollars ($489,900) and the Real Estate is being offered for Two Hundred and Fifty Thousand Dollars ($250,000). Commercial Realty Advisors, Inc., invites written offers for the business known as Paul Davis Restoration of Harwich. Any such offer should be submitted to Bill MacKenzie, Commercial Realty Advisors, Inc., 222 West Main Street, Hyannis, MA and must identify the purchaser(s), mailing and legal addresses, the offering price, contingencies if any, source(s) of capital to complete the transaction, proposed closing date and an earnest money deposit that will be held by Commercial Realty Advisors, Inc., in its non-interest bearing escrow account, that will be applied to the purchase price, or refunded to the purchaser with the agreement of the parties. The seller prefers an all cash offer or bank financing. No seller financing is available. The franchise business known as Paul Davis Restoration includes exclusivity for Cape Cod and the Islands, Nantucket and Martha s Vineyard, includes the inventory of furniture, fixtures and equipment. Listed as owned by Paul Davis Restoration in this document, subject to count and verification. It includes the name, brand and signage, agreement not to compete as may be negotiated between buyer and sellers and the good will inuring to the business. A new lease is to be negotiated with the Landlord (Seller). The sellers will assist in the transfer of the license currently used by Paul Davis Restoration of Harwich. Useable inventory will be sold to the buyer at the seller s invoiced cost. The Franchisor, Paul Davis Restoration,Inc of Jacksonville, FL will require buyer (s) to complete an application and receive approval prior to the completion of the transaction. ASSESSMENT OF OPPORTUNITY Paul Davis Restoration of Harwich generates an attractive owner s profit documented by IRS returns. Its sales and profits have shown a steady increase over the last three (3) years, in spite of an economy that is only now showing signs of recovery. The business is located in the Mid-Cape area with easy access to highways that service the exclusive areas. The industrial bay was built in 2009 and rents are typical for this area. Parking is sufficient on premises. Even after 20 years of building a successful referral network, there is still room for new management to grow the business in both volume and profit. 7

8 About Commercial Realty Advisors, Inc. Commercial Realty Advisors, Inc. specializes in the commercial and industrial real estate, mergers, acquisitions, joint ventures, divestitures, and other business broker strategies. It is a commercial and real estate and business brokerage based in Hyannis Massachusetts, with offices in Boston and specializing in middle market transitions. The culture of the firm is that of an investment bank with a premium placed on intellectual vitality, relationship management and knowledge of geographic markets. A cadre of well educated and successful experts partner with clients to achieve objectives in a cost and time effective manner. Our business is broadly based. Our real estate practice includes development, investment and other commercial sale, lease and management arrangements. Transactions include manufacturing, retailing, food processing, restaurant and hospitality, golf coarse, marinas and other business. For more information about Paul Davis Restoration of Harwich or other business opportunities please contact: Bill MacKenzie Commercial Realty Advisors, Inc , ext. 111 [email protected] 8