Established National Market Research Firm - Rocky Mountains Region
Asking Price: | $650,000 |
Gross Revenue: | $1,152,962 |
FF&E: | $20,000 |
Cash Flow: | $253,000 |
Rent: | $1,500/Month |
Established Year: | 2001 |
The company is a well-known national market study provider serving those stakeholders associated with the development of Affordable Housing projects across the United States. This historically critical segment of the real estate market has grown significantly in recent years and is expected to continue well into the future as affordable housing has come to the forefront as a critical issue with strong bipartisan support. Prior to embarking on any real estate development (market, location, planning, budgeting, government funding, etc.) an independent full market study must be conducted to serve the requirements of all stakeholders associated with the proposed project. This includes municipalities, infrastructure, property developers, and the lenders which participate in these government-subsidized programs. Few topics of national importance have received as much attention, focus, economic importance, and government funding than Affordable Housing.
The ideal buyer will have a background in real estate development, lending, or market research but most importantly the ability to manage the well-documented process which has been key to the company's success. It is far less important the individual posses writing, basic data analysis, project management and communication skills as these would be helpful but not required as the staff provides all aspects of producing the final product. More important is the ability to lead and manage, client communication, and general business management. Much of the information used to complete research reports is available online and through public and proprietary databases. Other datasets are available for purchase or via subscription. Primary data collection techniques are also used to obtain apartment data via telephone or in-person interviews. Technological advances in software, artificial intelligence (AI) and analytical capabilities in various software systems, such as Excel, will enable a buyer to step in and begin working with the existing system in place, improve up on it or develop or new one. The company has a very tenured staff in place which works autonomously with limited supervision given their many years of experience.
The ideal buyer will either be a company already in the Market Study industry which will add extremely well-qualified staff, clients, and industry recognition to compliment it's product and service offerings or an individual with general management skills and experience working with 'White-Collar' businesses which may include: Banking, Real Estate, Finance, and Real Estate Development.
A background in market research and market study creation would be beneficial but not required as each team member works autonomously with little oversight except for report review and final approval.
As the Confidential Business Review will detail, the company has been located in the greater Rocky Mountain region since inception over 3 decades ago but the Pandemic provided that a remote working environment was well-suited to business operations. The remote staffing model is more cost effective, allows both salaried and independent contractors the flexibility they desire, and the ability to deploy staff resources to projects across the U.S. quickly and effectively. In addition, by removing the need to hire locally, the company can attract and retain highly qualified staff from anywhere in the U.S. and even those who may prefer to work remotely across the globe. The recent and ongoing increases in technology and communications, with the majority of service solutions being cloud-accessible by the company and it's clientele will provide significant near and long term opportunities for a growth-minded buyer who understands the demand for research and market studies for both it's traditional client base as well as adjacent industries where third-party independent research is required by each stakeholder as well as for compliance.
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