Property Management Co With Strong Recurring Rev
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Listing No.: 106-20169
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Category: Service
| Asking Price | $5,300,000 |
| Down Payment | $4,500,000 |
| Gross Revenue | $9,041,570 |
| Total Adjusted Net Income | $756,055 |
| Equipment/Fixtures | $640,000 |
| Year Established | 1979 |
| General Location | West Coast |
For over 40 years the founding partners have built this now leading regional firm from the ground up through exceptional service and empowering their team to always meet the needs of their clients. The Company now manages more than 235 community associations as well as 600+ single family residences. Recent legislative changes along with improved operational efficiencies have this Company on track to exceed $1.2M EBITDA in 2020! Owners are looking to retire and transition this business to a successor that will match the culture and same dedication to excellence. This turn-key company has multiple levels of management in place with a team of 173 staff members spanning 6 office locations. The Company is steadily growing and recently signed some significant new contracts that are yet to be reflected in the financial performance of the firm. Current monthly run rate significantly exceeds historical financial statements due to this recent growth. This is a truly unique acquisition opportunity!
| Gross Revenue | $9,041,570 | Listed Price | $5,300,000 |
| Total Income | $756,055 | Down Payment | $4,500,000 |
| Base Rent | $ | Square Feet | ft2 |
| Total Rent | $ | Lease Description | Call for More Info |
| Rent Deposit | $ | Lease Options |
| Inventory | $ | Leashold Improvements | $178,000 |
| Equipment/Fixtures | $640,000 | Other Assets | Computer Equipment, software, vehicles, office furniture, phone system |
| Full-Time Employees | 137 | Training Period | Negotiable |
| Part-Time Employees | 36 | Special License Required | Real Estate Brokers License |
| Contract Staff | Reason for Selling | Retirement |
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.