PETER ASIMAKIS
SADDLE BROOK, NJ (USA)
Role(s):
Founder/Owner/Principal
UNITED PROPERTY ENTERPRISES, LLC. DBA COACHES FALCON NEST PUB
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Startup
Location:
SADDLE BROOK
Industry:
Hospitality
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Experienced Bar Owner and Restaurateur with a large 25 year following looking for financing to purchase an undervalued location on a main thoroughfare. Building is a foreclosure, that can be purchased for $500,000 and is tax accessed at 1,200,000.00 and comped out at 1,000,000.00
The building is mixed use site that has apartment, garage and office for monthly lease in addition to the core business. The projected annual gross income $750,000.
We are looking for a max bridge loan of $750,000 for 12-18 months and will refi investor/partner/institution out as exit strategy or sell if the price is right.