Jason Grigsby
Hubbard, OH (USA)
Role(s):
Other
JB Hubbard Hardware & Supply LLC
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Startup
Location:
Hubbard
Industry:
Retail/Clothing
Year Founded:
2020
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Establish leased property with long term tenants. Estimated yearly income from leases is 1.4-1.8 million. Property has room to grow for additional small business that the I wish to start.
The main part of the business is the tenant leased property that is up for sale. Currently there is 31000 sqft of space, with 25000 sqft of space already leased. The property is listed for $1,600,000.00. I would like to try and get the property for closer to $1,200,000.00. leaving working capitol to start a youth rec center in the remaining un-leased space. Current annual income from the already leased space is estimated at 1.4-1.8 million. This is figured at 25000 sq ft at $6.00 a sq ft. The unleased portion would become a youth rec center, which would also pay a lease for an additional $36,000.00 a year of income from the lease. If I can raise even 1/2 of the funding, I could take that funding to a bank and secure a business loan.