25295

Business Type
Location
Asking Price
$800,000
Down Payment
$200,000
Gross Sales
$380,000
Net Income
$275,000
3 Years Average Cash Flow
$275,000
Score
79%
Status
Available
Details

Established for 14 years, this Property Management company has had consistent revenues and net profits. Approximate net to owner is around $275k. An additional annual revenue of about $12k is from maintenance related jobs. Home based and extremely low overheads. Key employee will stay and the Seller will give training and support to the new owner for a smooth transition. All properties are HOA and over $3,800 units. Almost all the units are SFH, with a few condos. Most of the accounts are in North part of Austin Metro Area. Great opportunity for an existing property management to pick up new accounts without increasing overheads. Existing Property Management company can eliminate one part time and one full time employee and save additional $75k in payroll expenses. Automated system in place with almost all interaction and transactions are via app.

SBA APPROVED WITH 20% DOWN PAYMENT.

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Property Management

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