Address: 11801 Ranch Rd 2341, Burnet, TX 78611
8×30 AMP RV hookups and 4x50amp RV hookups. Sales Price $390k Seller may consider financing the property with a minimum of 15% down and all closing costs covered by the buyer with a 7.99-10.99% rate depending on qualifications etc. The owner finance terms would need to have a 9 year balloon due as well. The rate would be determined on qualifications, ability to repay, and the individuals qualifications. Payment will be amortized over 30 years.
NON OF THESE RATES ARE GUARANTEED OR IMPLIED AS WHAT IT WILL BE FOR YOU THIS IS JUST JUST FOR ESTIMATION PURPOSES NEED TO CONTACT OWNER TO GO OVER FIGUES FOR EACH INDIVIDUAL PARTY. WE ARE NOT A MORTGAGE COMPANY.
For example- If the buyer was to pay 390k at 8.99% rate with a down payment of 15% down the payments would be $2,664.94 per month plus a $35.00 per month loan servicing fee. $1,651.52 Insurance a Year. $1,647.86 in taxes assumed.
$2,664.94 Principle and Interest
$137.63 for Insurance
$137.32 for Taxes
$35.00 for Loan Service Fee
$2,974.89 Total PITI
The new owner would need to pay for the property taxes and insurance as well. The store’s sewer system is getting upgraded right now as well as we spent an additional $32,000 for the new sewer. But the new sewer will be built with a new grease trap so that way the store could have fryers and then the new buyers could make it a grab and go restaurant as well.
Over the last 18 months the store has averaged around 36,000 in gross sales with a 25% margin, but over the last 12 that number had increased to about 40k Some months did get up to 50-60k in sales though and that is WITHOUT food. (we don’t have the fill P&L as the store is currently rented to a 3rd party but speaking with the current tenants they have been doing pretty good out there) DON’T BOTHER THE CURRENT STORE TENANT.
The store profits about 9,000 a month as it is without any food sales, the summer months though have been closer to around 55-60k in sales. The store profits don’t include any revenue from the RV park the RV park currently brings in about 550 a month in fees as there is only two long term renters currently residing there. This store is in perfect view of lake Buchannan and is ¼ of a mile away from a boat ramp on the lake. The RV spaces do have lake views as well.
This property could be amazing as a tiny home village! Bring your tiny homes and rent them our for $100-$250 a night on short-term rentals or do the same thing with RV’s All power and sewer hooks ups are all good to go…
We did get a Phase 1 Environmental Assessment as well and the Gas Station and RV Park passed with no environmental concerns.
The new owners could potentially buy all the stock from the current tenants as well for an additional 20-30k. That would need to be worked out depending on supply levels at the store and what inventory was available when sold.
Please Note The information and Examples above are only for example purposes please contact Cash Home Investors today to ensure we get the correct numbers and figures for each individual person or company.
Buyers to do own diligence
Property Sold AS IS
Agents Make Sure To Add In Your Commission