Meetjesland: partnership with apartment building & commercial ground floor

Asking price Price on request

DESCRIPTION
The building offered consists of the following parts:
* a commercial ground floor in which a specialist shoe and leather goods store is operated - built in 1976 - renovated in 2007
* a spacious apartment (approx. 107 m²) on the 1st floor above the shop - built in 1976 - renovated in 2010
* a warehouse (approx. 520 m²) used by the shop - built in 2014
* An apartment building with 6 rented apartments - built in 2007
* 10 rented garage boxes in brick construction

The total area of the plot is 2,388 m².
Total street width approx. 37 meters.

Part of the total building is owned by a private limited company, and part is owned by the shareholders of the private limited company.

The total has the following additional potential:
* An additional apartment can be created on the 2nd floor above the shop (currently unfinished attic space)
* A spacious loft can be created above the six apartments (this was included in the permit and the meters are already in place).
* Behind the building is a project site with a width of approximately 26 meters, on which it is possible to construct a new apartment building (= building land).

LOCATION
This building is located in East Flanders, in the Meetjesland region, in a highly commercial location, close to the station.

INTERESTED?

Please contact Finactor and we can provide you with all the detailed information.

Active since
2007
Real estate included
No
Translated from
Dutch
Disclaimer
Takeover market is not responsible for the content. Please check for accuracy and completeness.

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DESCRIPTION AND ACTIVITIESAn established and profitable Belgian installation company active in bathrooms, sanitary facilities, central heating, ventilation, and air conditioning is up for sale. The company has strong regional roots in East Flanders and Flemish Brabant and enjoys an excellent reputation thanks to more than 60 years of experience, craftsmanship, and a customer-focused approach.The company operates as a total installation contractor and focuses mainly on:* complete bathroom installations and renovations* sanitary installations for residential and professional customers* central heating systems* installation of ventilation and air conditioning systems* repair and maintenance of the above installationsThe company has a project-based approach with strong follow-up and quality control. Its activities focus mainly on the residential market, supplemented by small-scale professional projects. The company often acts as a central point of contact for its customers.In addition to the two managers, there are around 10 employees working for the company, supplemented by various permanent subcontractors.Annual turnover averages approximately EUR 4,500,000 to EUR 5,000,000with an EBITDA margin of approximately 15%.LOCATIONThe company is located in its own commercial building in an SME zone.The plot has an area of approximately 3,718 m² and the building consists of a renovated showroom + warehouse + residential and office area.The building is functionally designed as an installation company and is immediately operational.The value of the building is approximately EUR 1,000,000.The property represents significant strategic and financial added value and offers flexibility in the transaction structure (retention, separate sale, or sale-and-lease-back).UNIQUE SELLING PROPOSITIONS* strong local market position* diversified customer portfolio* limited dependence on individual customers* high proportion of repeat orders and recommendations* execution largely with own personnel* Own equipment and rolling stock* Efficient internal organization and project follow-upThe company operates in a structurally attractive market, supported by renovation and energy trends.TO BE TAKEN OVERThe shareholders wish to ensure the continuity of the company through a transfer of shares and are open to discussions with strategic or financial buyers.The current owner is willing to assist the acquiring party in transferring knowledge and contacts. The period and modalities in which this can take place are negotiable.All acquisition terms are negotiable.Interested? Please contact us and a detailed acquisition memorandum with all financial data can be made available.

Price €4,250,000.00
Construction, Production and Engineering

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