Established Independent Property Management Firm

Charlotte, NC
Asking Price:$1,300,000
Established Year:2013
Gross Revenue:$375,024
BUSINESS DESCRIPTION

Profitable Residential Manager - Generate A Profit On Day One

Fantastic opportunity to acquire 11 years of growth instantly in the long-term residential property management broker industry. This business is a solid cash flow generator, with established clients and increased growth year after year.

Leveraging software systems and minimal staff, this company is ready to return profits to a new owner. Prioritizing higher end residential properties, the average rental managed is leased at $1,700+/month per unit. This is the perfect opportunity for a competitor or new owner to acquire a curated collection of higher-end newer properties to manage whose portfolio increases in value every month.

Instant revenue opportunities exist for a new owner by offering brokerage sales of properties for owners, establishing a Residence Benefit Package for Tenants or in-sourcing maintenance. Or continue maintenance turn key with the preferred vendor network currently established to service clients.

The current owner is pursuing other business opportunities, but is willing to provide 3 months turn-over support to a new owner, to assist in any transition period. A new owner may be as hands on or off as wanted, given existing staff are fully capable of continuing operations smoothly.

Strong History of Growth:
2024 (1H) - 25.7% Growth*
2023 - 39.5% Growth
2022 - 16.1% Growth
2021 - 49.8% Growth
2020 - 36.4% Growth
2019 - 30.5% Growth
2018 - 18.7% Growth
*Growth is an estimate annually for 2024, using first half of 2024's current growth, annualized for the year.
(Revenues are Annualized Based off Jan - July 2024)


ATTACHED DOCUMENTS
Non-Disclosure.pdf.pdf Download

DETAILED INFORMATION
Location
Charlotte, NC
Inventory
Not Included in asking price
Employees
1
Competition
Thousands of property owners nearby look to engage in long-term residential management with a professional property manager. Opportunity to grow is endless, and proven by year-over-year increases in core business.
Support & Training
Current owner is willing to provide 3 months turn-over support to a new owner, to assist in any transition period.
Reason for Selling
Owner is pursuing other business opportunities.
Home-Based
This business is Home-Based
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Chris Mark
Chris Mark