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Business For Sale

Rental Business For Sale

Penn Yan, NY

Services: Real Estate

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$600,000
$60,000
$37,000
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
$283,000
1991
1
565233950
Owner Financing is Available!

Business Overview:

Spruce Acres Housing development consists of 16 to 18 homes and a three apartment home that is part of this senior community. It grows each year, for contracts are staggered over the years. Built into contact are the % of increase. There are two lots left to build on to complete the project.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Spruce Acres is located on a 6.3 acre deep lot with homes built up and down the hair pin scape drive one way in and one out. The apartment house is somewhat in the middle of the area. We have local residents on either side and are adjacent to a small industrial park.We are located one block from the ambulance corp, two from the hospital and maybe three from down town. One resident walks to the village to do her shopping.

Market Competition and Expansion:

Spruce Acres locate in the beautiful wine country of the finger lakes in central New York State is one of a kind in this area. .We provide a great service to this small community. The two lots left are ready to build on with all utilities set to go.

Reason for Selling:

Retired

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This may become a franchise resale opportunity.

Resources: