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- RE: Residential Property Management Company -Cleveland
- Contact: Peter V
Quick Facts
| Asking Price: | $200,000 | |
| Annual Revenue: | $401,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $155,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2017 | |
| Employees: | 2 | |
| BBN Listing #: | 982408 | |
| Broker Reference #: | NPM8 |
Business Overview:
Local residential real estate business. Revenue has grown 19.8% year over year. Cash flow represents adjusted net profit in 2023. The sale price includes all office supplies and advanced technology systems. This business is being run from a home-based office and could be run semi-passively. Pre-approved property leads are available and provided by the corporate office. Accounting and bookkeeping are in place. The owner manages all aspects of this business, including finding and screening new tenants, processing rent payments, property inspections, repairs, and evictions. This is a home-based business. The revenue and net profits are very predictable and recurring. 34% of all U.S. properties are rented, and 51% of all these units are handled by property management companies.
The business has unlimited growth capacity depending on the new owner’s time commitment. This office is partnered with a well-established national brand. No prior real estate experience is needed. Customized property management software plus full training along with ongoing corporate support are included.
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Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
- View more Ohio businesses for sale
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