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Property Management Co w/ Recurring Revenue

  • Listing No.: 106-15338

  • Category: Property Management

Asking Price $595,000
Down Payment $500,000
Gross Revenue $846,757
Total Adjusted Net Income $176,828
Equipment/Fixtures $
Year Established 2004
General Location San Diego County
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Business services three categories including HOA Account
Management, Property Maintenance and Traditional Property
Management. Business began in 2004 and services Central,
South, and East San Diego County. The company has
management contracts with over a hundred San Diego area
condo owners, located in mostly multi-unit HOA buildings. The
company’s mission is to make the management of property as
effortless as possible, whether the client needs full service
association management, accounting services, assistance
finding and managing tenants, or property restoration and
maintenance. Stable year over year revenue with over $845k
gross sales and $176k in discretionary income in 2018.

Gross Revenue $846,757 Listed Price $595,000
Total Income $176,828 Down Payment $500,000
Base Rent $ Square Feet 1087 ft2
Total Rent $2,445 Lease Description Lease Ends 10/2020
Rent Deposit $2,394 Lease Options
Inventory $ Leashold Improvements $
Equipment/Fixtures $ Other Assets
Full-Time Employees 8 Training Period 2 Weeks
Part-Time Employees Special License Required CA Real Estate and Contractor License
Contract Staff Reason for Selling Family

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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