Reason inactive this Block Offer is not provided by Equity Team

LATAJA

Beauty Supply Store and Nail Spa Commercial Development

LATAJA Retail , ,
$0.00
Raised of $395,625.00 Goal
0% Complete (success)
0%
67 Day(s) Left

This Block Offer is open for Non-Accredited Investor

Please Log In to invest

Fixed Funding

This Block Offer started on Feb 16, 2018 and will close on Apr 30, 2018 12:00 am.

Raise Details
Block Offer Deal Type

Equity

  • Investing Goal $395,625.00 USD
  • Current Reservations $0.00 USD
  • Minimum Reservation $100.00 USD
  • Open Date 02/16/2018
  • Closing Date 04/30/2018
Followers
Type of Property

Shopping Center

  • Type of Share: Common equity
  • Loan Term (# number of months): 1
  • Property Price: 205,000.00
  • Estimated Rehab Cost: 180,000.00
  • Total Capital: 385000
  • Annual Income (Rent): 8,800.00
  • Additional Income: 90,000.00
  • Annual management fee: 0.00
  • Annual property taxes: 2,100.00
  • Annual insurance: 2,500.00
  • Net Operating Income: 98,800.00
  • Cash Flow: 110,800.00
  • Cash on Cash Return: 0.29%
  • Cap Rate: 0.48%
  • Number of Available Shares: 79125
  • Price per share: 5.00
  • The rate of Return: 33.00
  • "Minimum Investment: 100.00
  • Open Date: 02/16/2018
  • Closing Date: 04/30/2018
  • Open To: Non-Accredited Investor
Live Offer

Company Overview

LATAJA
Contact Name LATAJA
Company Name
Street Address 996 Chalker st
City/Country Akron / US
Number of employees

VIEW BLOCK DEVELOPERS FULL PROFILE

Highlights

•2,400 SF separated into 2 units that are 1,200 SF

•In a growing area that has seen substantial growth in the last 3 yrs.

•Located near a busy intersection

•Near other shopping centers and businesses

 

 

 

 

Elevator Pitch

•This is a unique opportunity to invest in a billion dollar industry

•Royalty Beauty Supply is requesting Funding to acquire 1324-1328 Vernon Odom Blvd. Akron, OH 44320

•Funds will be used to purchase the building, inventory, furniture, fixtures, office equipment, and other startup cost for the business

Please Log In to comment

Please login to see Investor Section

Log In

Formation Documents

Corporate entity information Royalty Beauty Supply
Type of registration Limited Liability Company
Date of formation 03/22/2017
State of formation Ohio
Legal status LLC
Website address
Control Persons LATAJA DINGLE
Subsidiary and affiliate information Royalty Beauty Supply LLC
IRS EIN # 820906055

Company Owners

Name Designation Percentage onwer
LATAJA DINGLE owner 100%

Business Information

Stated business of the Issuer Owner
Anticipated business plan Buy the building to house Royalty Beauty Supply and lease the other half of the building for additional income.
Stated purpose of this offering The purpose of this offering is to acquire the building and start a business.
Intended use of the proceeds of the Issuers offering Proceeds will go towards purchasing the building and start up cost for Royalty Beauty Supply.
Target offering amount 395625
Deadline to reach the offering amount 04/30/18
Price of the securities to be sold $5.00
A description of the ownership and capital structure of the issuer Owner will have 53% of the building with multiple stock holders

Basic Property Information

Property Address 1324 & 1328 Vernon Odom Boulevard
City Akron
Region Northeastern
Country United States
Zip code 44320
Building/Development Type Two Tenant Concrete Block Building
Current Ownership Information Nai Cummins
Estimated Annual Property Income 200000
Estimated Annual Property Expenses $15000

Parcel IDs

Parcel ID 6748405, 6748406


Cap Rate 12
Property Photo
image

Offering Documents

Operating Agreement
Recordkeeping Procedures
Investor Decks
Private Offering Memorandum
Shareholders LaTaja Dingle
SEC Form C
Elevator Pitch

Your request to access Comments section has been submitted successfully.
Please wait until your access request is approved.

Request Pending
While Buy the Block cannot verify the accuracy of the above information and thus is not responsible for it, we do conduct extensive diligence on all issues before allowing them to post an offer on our site. Please see our diligence process here. Individual BlockVestors are highly encouraged to conduct their own diligence on issuers and utilize Buy the Block's communication channels to ask questions of issuers prior to making an investment. Buy the Block makes no warranties either expressed or implied as to information associated with an issuer's offer on this site including any projected returns; property location, condition, accessibility, terrain, or buildability; and any other information posted by an issuer. Sizes and all information advertised are approximate. By investing you affirm that you have completed all due diligence to your own satisfaction and that you further understand the financial commitment for your investment. You may also retract your investment up to 48 hours before the offer closes.

Cancellation/Refund Policy
A BlockVestor may cancel his or her investment for any reason up to 48 hours before an offering's close and receive a full refund of such investment without any fees or penalties by sending an email to blockvestors@buytheblock.com with the subject line of "Investment Cancellation" and identifying the particular investment to be canceled. Refunds will be processed within (24) twenty-four hours

Before you can request access or make commitment to a deal you mast have the Following profile item completed:

Please click on the Complete Profile button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and request will be processed automatically.