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Asking Price: Not Disclosed

Large Property Management Company 1,030 Doors

Not Disclosed, Not Disclosed
Not disclosed

The Company started with a modest 127 personally cultivated rental units in January 2017. By 2019 and early 2020 the Company represented 600 units. Despite terminating two large portfolios due to owner conflicts, the business now manages 236 properties. Those 236 properties represent 1,030 units and house approximately 2,000 tenants.The Company’s focus is managing condominiums, single-family homes, and apartment buildings with less than 100 units. It also manages HOAs, COAs, vacation rentals, and student housing. As of May 2024, 87 are multi-unit buildings and condos. Those have an Occupancy Rate of 91%.There are 144 Single-Family Homes or Condos. Those properties currently have a 94% Occupancy Rate.Commission rates vary from 3.5 to 11% depending on property size, risk assessment, and quality.AppFolio, the property management software, is used to centralize tenant, vendor, and owner communications, manage vendor information (contact info, licensing info, insurance documents, etc.), and owner information, and handle all the rental property accounting.The growing need for housing and subsequent shortages in Albuquerque and surrounding areas are fueling the Company’s growth.The operation employs 27 full-time people (does not include virtual assistants) plus the Seller, and up to four seasonal helpers as needed. There are 7 property managers, 17 maintenance staff, and 2 administrators in office administrators, 1 Office Manager, and 2 Virtual Assistants.NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

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Cash Flow $685,500
Revenue $1,580,000
$ Owner Financing Available

Asking Price: $199,500

Sales of Nearly $800,000 at this New Mexico Restaurant for Sale

Not Disclosed, Not Disclosed
Not disclosed

Why work for someone else? The owner operator of this New Mexico Restaurant for Sale earns over 10% on nearly $800,000 in sales per year. Be Your Own Boss and take home $83,221 in this opportunity. SBA Lending on this opportunity for qualified buyers with just 20% down. What are you waiting for? A money-making machine with a total of 18 experienced and well trained staff, this Profitable Restaurant for Sale has been around operating since since 2017 and has been increasing in sales, profits, and popularity since it's start. The owner is ready to retire and is willing to offer you the chance to take over this business. Don't wait! Bring your offer today to the Restaurant Brokers on this high volume Restaurant for Sale. Demand is high near Las Vegas New Mexico for locations like this one. Surrounded by plenty of motels/hotels, which means plenty of travelers are looking for a great home cooked meals. Recreational marijuana is now legal and this area is nearby Texas, Oklahoma, and Colorado. This Restaurant for Sale offers great visibility from the road. Operating hours are just 7am - 2pm & 4pm - 9PM Thursday through Tuesday. Earnings of over $82,000 provides a nice lifestyle for your family while you are in business for yourself. We can assist with lending on this opportunity. This Restaurant for Sale should have no problem being approved for SBA lending with one our lending resources. You just need 20% down and we'll have you in front of lenders this week. This Restaurant for sale has a fully equipped front and back of house including: 3 gallon coffee maker, Freezer for beer glasses, hood, 1000 gallon in ground grease interceptor, 2 fryers, 4 burner stove top, Flat top grill, two 4 well steamers, 2 microwaves, Several blenders,rack shelving units,Scales, Slicer 2 glass door reach in coolers, 5 reach in freezers, one 2 door reach in frig, one 3 door reach in frig, prep tables and more. This is an extensive equipment package in placed and churning out sales of nearly $800,000. The lease on this large 2,500 square foot Restaurant for Sale is negotiable but will fall within the industry standards at 10% or less of sales. In accordance with SBA guidelines the landlord is willing to do a five-year option, with an additional 5 year option to renew to cover the length of the 10 year loan term.This high volume opportunity does require that we obtain buyer pre-qualification in the amount of $50,000 for full details while this Restaurant for Sale is still available. By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

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Cash Flow $83,221
Revenue $797,087

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