Full-Service Property Management Firm

Business Overview:

Their client mix is 85% multi-family housing/apartments, 10% single family homes (multi-unit), and 5% commercial made up of Property Investors, focused in multifamily living. The organization has developed a reputable presence, by serving Milwaukee & Kenosha Wisconsin. The well-developed management team includes a Controller, two Senior Vice Presidents and a Superintendent. There are also 3 Property Managers, 3 in Maintenance, and 1 Office Administrator. The owner oversees his leadership team and will do some site sourcing, as he still finds that enjoyable. His staff handles the day-to-day operations. As a show of good faith and vested interest in the ongoing success of the company the owner has offered to roll equity for up to 25% and provide a 4–5-year transition period. The acquisition includes about $450,000 in assets which are company vehicles, deposits, and AR. A 15+ year established property management firm where the owner is seeking a strategic minded buyer with business acumen. Priced at $3,100,000, a 10% down payment will return $366,402 in the first year after debt payments. A 118% return on investment! Two banks have already pre approved this loan for a qualified buyer with only 10% down and 65% from a lender.

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Property Features and Assets:

Fleet & Equipment: $157,686 – 5 vehicles and 1 trailer.

A/R + Deposits & Prepaid: $227,681

Inventory: $63,690

Reason for Selling:

Additional Details:

Documents:

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