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- RE: Established Property Management Company
- Contact: Ryan Clark
Quick Facts
Asking Price: | $2,400,000 | |
Annual Revenue: | $1,664,113 | |
Net Profit: | $257,830 | |
Cash Flow: | $476,441 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1992 | |
Employees: | Not Disclosed | |
BBN Listing #: | 988314 | |
Broker Reference #: | PROPMGT3 |
Business Overview:
This Los Angeles Area property management company focuses on leasing and managing single and multi-family residences. The well-established firm represents approximately 260 homes, providing its owner a stable recurring client base. The business is deemed to be relatively low maintenance, with staff to manage accounting and bookkeeping, and an estimated 1-3 potential new client calls per day.
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Property Features and Assets:
This business operates out of 1,500 – 1,600 square foot office that is comprised of 4 rooms with a large reception area that leases for $2,431 per month. All of the company’s furniture, fixtures, equipment, goodwill and licensed property management affiliation.
Market Competition and Expansion:
Strong competition exists in the competitive residential property management industry, however this business has a unique competitive advantage due to its established area presence, name recognition and stellar search engine rankings. This enterprise has established a solid foundation of clients that provide it a stable recurring revenue base. The business’s experience, systems and resources provide it a remarkable amount of stability from which to outsell their competition and continue to grow from.
Reason for Selling:
PersonalAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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