Property Management Co w/ Recurring Revenue
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Listing No.: 106-15338
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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 |
| 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.