Established Independent Property Management Firm
Asking Price: | $1,300,000 |
Established Year: | 2013 |
Gross Revenue: | $375,024 |
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)
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