Commonwealth Co

Description

The Commonwealth Company, Inc., owned and managed by James R. Moring (Jim), BIC, is a full serviced real estate brokerage firm with commercial properties for sale in Charleston South Carolina.

This method includes the lease, leasehold improvements, furniture, fixtures, equipment, name, menu, and concept as part of the sale. Emphasis is put on the yearly adjusted cash flow. Adjusted cash flow is determined by taking the net profit on the tax return or on the year-to-date income and expense statement and adding back the Seller's personal expense items not applicable to you, the Buyer. Once the yearly adjusted cash flow is determined, a multiple ranging from 1 1/2 to 2 1/2 is used to determine the value of the business.

This site consists of 2 buildings; the front building on Ashley Avenue is a 1,696 sq ft duplex and the building on Cooper Avenue is a single family residence, 1,618 sq ft built up with space below to hold a 2 car garage and small unfinished office space. The Property consists of 10, 500 sq ft that fronts on both East Ashley and East Cooper Avenue. This site is zoned C1, which is commercial zoning allowing for professional office space on the first floor of a building with living space allowed on the second floor.

Be sure that your attorney understands the specific needs of your business. When selecting a lawyer, feel free to ask questions regarding his/her experience with your specific type of business. This will save you money in the long run because you don't want to pay for his/her "learning time." If your industry has specialized regulatory legal requirements, be sure that your lawyer is familiar with them. It is also important to find out what his/her specialization is, meaning you wouldn't want a family court lawyer handling your tax law.

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