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This local residential real estate business is available. Revenue increased 18% year over year. Cash flow represents adjusted net profit in 2023. The sale price includes all office supplies and advanced technology systems. 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. The revenue and net profits are very predictable and recurring. This business is being run from a home-based office and could be run semi-passively. Thirty four percent of all U.S. properties are rented and fifty percent 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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Motel for sale in Somers Point, NJ. Motel (206x150) includes 14 efficiency units, 10 apartments, a restaurant with a triple net lease that rents for $3,500 per month (150x100), 6 lots (67x150 each) and a residential house (75x150). Average rent for units is $350-$450 weekly. Selling for appraised value.
Serving the business community for over 50 years, Minuteman Press’ customer service driven business model provides digital print, design and promotional services to businesses. Today we are much more than just print, we can provide anything you can put a name, image or logo on!
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Asking Price: $2,300,000
