All Forum Posts by: Val Lemoine

Restaurant Listing Info

Cumberland/Galleria Firehouse Subs Restaurant for Sale

2970 Cobb Pkwy SE Atlanta GA 30339

At Akers Mill and Cobb Pkwy; 0.4 mi from SunTrust Park Braves Stadium

$380,000 OBO

Restaurant Recap:

- Over $800,000 in yearly sales

- Over $100,000 in yearly profits

- Built in 2014

- Stand alone building 2500 sq ft indoor, 1500 sq ft patio, 48 parking spots

- Only way to enter Firehouse brand in GA is through acquisition

Requirements:

- Must have credit score over 700

- Must have management experience

- Must have $70,000 in cash

- Must be approved by Firehouse corp. and go through corporate training

For more info contact Val Lemoine at 404-512-2501 or [email protected]

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Terms & Conditions:

Only available to cash or hard money buyers who can close within 21 days of the Binding Agreement Date. Buyer will pay all closing costs. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender are due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Property sold AS-IS with no disclosures. Will only close with Henderson Legal LLC and using our contract/agreement is required. Please do not re-post any of this information online or on social media. Wholesalers and Agents, add your fee on top of the Purchase Price and work out payment with your buyer.

Call or text Val at 404-512-2501 to schedule a showing. Please read the Terms and Conditions at the bottom of this email prior to submitting an offer.

924 Reed Rd SE Smyrna GA 30082

$240,000 Purchase Price

Rehab Analysis:

• Purchase Price: $240,000
• Rehab Price: $108,000 (includes fixing pool, could also fill in)
• Holding costs: $13,000
• ARV: $495,000 (this is conservative, see comps)
• Projected Gross Profit Spread: $134,000; 37.1% ROI

Click Here for Comps

Property Description:

Currently a 5/3, 4053 sq ft ABOVE ground and a 2000 sq ft unfinished basement. 2 car garage (new door/hardware) + Boat garage in basement. 1 Acre lot across the street from King Springs Elementary (best school district in Smyrna). In ground vinyl pool with diving board; vinyl needs patching/replacing; documentation/maintenance on filtration system available. Entire house needs updating, new roof, new windows, new siding, one of the bathrooms had leak at some point; repaired but remanence of leak remain.

This is a great deal for a 4000 sq ft house (not including basement) on an acre lot in one of the hottest areas of Smyrna!

Click Here for Photos

Terms & Conditions:

Only available to cash or hard money buyers who can close within 21 days of the Binding Agreement Date. Buyer will pay all closing costs. A $5,000 deposit, proof of funds and/or pre-qualification letter from hard money lender are due within 24 hours of the Binding Agreement Date. The $5,000 deposit is only refundable if clear title cannot be delivered. Please perform all due diligence prior to submitting an offer. Property sold AS-IS with no disclosures. Will only close with Henderson Legal LLC and using our contract/agreement is required. Please do not re-post any of this information online or on social media. Wholesalers and Agents, add your fee on top of the Purchase Price and work out payment with your buyer.

GA Realtor, license # 370090

Quick side note as well before we chat, 2 lots for new construction with these comps, $85k a lot is very reasonable. Three lots at $56k each, for new construction in the $500k+, that neighborhood and school district then it makes this a home-run!

Hey Darrell!

Thanks for the post!

Will call you tomorrow.

Val

• King Springs Elementary, BEST school district in Smyrna
• 29,489 sq ft (0.677 acres) survey has been ordered
• Level lot, all trees have been removed
• Can easily fit two houses and probably three (see comp lot sizes)
• Surrounded by new construction (see Comps and Comps map)
• Existing side street straight down property, houses can be built lengthwise
• Three minutes from downtown Smyrna, 10 minutes from Atlanta and 20 minutes from Airport

Text, call or email Val for appointments. DO NOT DISTURB TENANTS. All cash offers will require proof of funds.

404-512-2501 [email protected]

4149 N Cooper Lake Rd SE Smyrna GA 30082 

Price: $170,000

• King Springs Elementary, BEST school district in Smyrna
• 29,489 sq ft (0.677 acres) survey has been ordered
• Can easily fit two houses and probably three (see comp lot sizes)
• Surrounded by new construction (see Comps below)
• Existing side street straight down property, houses can be built lengthwise
• Three minutes from downtown Smyrna, 10 minutes from Atlanta and 20 minutes from Airport

Text, call or email Val for appointments. DO NOT DISTURB TENANTS. All cash offers will require proof of funds. 404-512-2501 [email protected]

Hey Jesse,

I'm interested in seeing what you have to offer with staging and what your pricing is.

Thanks!

Val

Hey Jered!

I know I'm jumping in the game late here, McRay's tavern in Smyrna has a room that is ideal for meetups like this.

Good luck!

Val

Hello BP family!

I have put if off long enough, excel has become to much of a pain to manage rehabs, rental incomes any and all expenses in between...

Quickbooks is $30 per month (I would need to have at least two user access). What is everyone using out there? Is QB my best option? 

Thank you in advance for taking the time to share your experience and wisdom!

Val