Essay on Business Overview: Distressed Real Estate Purchase

807 Words 4 Pages
• Business overview
Having $150,000 acquired in cash to be used specifically for a distressed real estate purchase, I would buy a two story building that is between 2000-4000 square feet. The ideal location is in a progressive lower-middle class, urban area accessible to public transportation. The first floor will be a renovated and designed to meet the needs of a commercial space. iSOAR© will occupy the space. The second floor will be renovated and designed as a residential space to be rented out for extra annual residual. iSOAR© established in 2008, is a non-profit helping young girls and women with anger management. Women offenders have different needs than that of men and very few programs offer effective, and permanent, positive
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Lease, 12 month minimum. Fees (rounded estimate): Starter costs: $55,000 Reoccurring costs: $4050 Starter costs + Reoccurring costs = $59,050
$59,050 - $150,000 (seed money) = $90,950 + supplement $90,950 is the balance. About 13% percent of the balance, $12,000, will be used for employee stipends. Employee Stipends: $500 per month, per employee X 2 employees = $1000 per month X 12 months = $12,000 - $90,950 = $78,950 $6000 annually will be used for vending machine stock, food, speakers, field trips and additional projects (misc.) to assist group members to recovery.
The remaining $72,950 ($90,950-$12,000 stipend = 78,950- $6000 misc.) will be used to ensure iSOAR©

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