Asking Price $2,500,000
Financial Information
Revenue: $3,368,064 Income: $493,899
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12 Y/O Property Management Business

Strong Margins, Recurring Revenue & Cutting-Edge Software

The company is a well-established real estate brokerage and rental business that has been in operation since 2007 and offers a full package of property management services. 12 years later, the company’s footprint covers 12 Midwest and Eastern markets and currently manages over 1,200 units for over 1,000 individual owners.

The company takes pride in its great service, and dedication to helping home owners care for and rent their properties. The company specializes in single-family homes, apartments, and condo management, and knows what it takes to find qualified tenants that will care for clients’ properties.

The company’s leadership team has been devoted to providing excellent service and continuous improvement; their operations have grown to serve various markets including California, Florida, Georgia, Indiana, Maryland and many more. Thanks to its licensing strategy, the company is now present in 23 markets with a portfolio size that has grown consistently over the years, in both unit count as well as gross income. Additional value-added services and income streams were included.

Purchase Considerations

  • Established business of 12 years with an excellent reputation and customer base
  • Highly knowledgeable sales, operations, and management teams
  • 64% of the company’s revenue is recurring
  • According to Vertical IQ, Sales for the US residential brokers and property managers industry are forecast to grow at a 5.28% compounded annual rate from 2017 to 2023, faster than the growth of the overall economy.
  • Strong and consistently improving gross margins (from 77.49% in 2016 to 86% in 2018)
  • Unbeatable web exposure, technological programs, and provably tested strategies
  • An acute understanding of both the values and rates of rental properties
  • Growing portfolio size
  • A scalable and replicable business
  • In-house Lead Aggregation (offered by a supporting business)
  • SEO Charged Website
  • Cutting-edge Management Software
  • Value-added profit centers
  • On-going training and support
  • Strong potential for expansion and growth vertically and horizontally

For $2.5 million, this is a great opportunity for competitors to buy the company out of their way so they could have a better chance to compete as they could not do when selling against our company.

Locations
stateLevel
Employees
 
Years in Business
12
Asking Price
$2,500,000
Terms

Negotiable

Ownership
100% 
Facilities
Leased – All month-to-month Square footage: Varies from virtual to 2,200 Sq.ft
Reason For Sale
Owners support business PMRocketTools, PropertyManagementQuotes  and SimpleInspector.com require more investment in time and capital for them to reach their potential