Promising real estate business in Madrid

A lucrative real estate business is offered.
Investments: from 100-120 thousand €
Organizational form: S.l
Experience 15 years.
Investor participation in business: 50%
City (country): Madrid. Spain.
A working business with a monthly stable income.
Brief description of the business: Purchase of 1-2 room economy class apartments in the central districts of the city with subsequent repair and resale.
The average purchase price of an object is 100-120 thousand €
Repair – from 20 thousand €
Sales margin – 20-25%
Income from one object 20-25 thousand €
The investor’s share in the company’s corporate rights is 50%.
Risks : Minimal. The property is registered to the investor. Investments are placed in the authorized capital of the company or in the form of a loan.
Market:
Demand for objects (secondary market, the center of Madrid) is constantly high.
Turnover of investment capital: 3-4 times (average one purchase / sale per quarter).
Income: from 70-100% per year.
Completed professional team of builders.
An organized system of work that brings a steady income.
Development outlook:
Increase the number of operated objects, turnover and profit.
Develop new directions in the field of real estate and construction.
Develop the geography of presence, access to work with commercial real estate.
The reason for attracting an investor is the replenishment of working capital, the possibility of increasing the number of objects at the expense of attracted funds.
The number of founders in the company (at the moment) -1 people.
Functions of the initiator of the proposal: organization of the structure, accounting, taxes, search, repair and sale of objects.
The investor may not be engaged in operational activities, only control the business process.
The minimum net profit of the investor is calculated for each sold object, but not less than 33% of the invested capital per year.
Note: At this stage, a minimum entry into the business is provided from 100 thousand € – 120 thousand € at the first stage to reduce the investor’s risks when with a Spanish partner, it is optimal to manage up to 5 objects at the same time.
The number of objects and the amount of investments are the subject of negotiations between the parties.