Property Management Company


Asking Price: $125,000

SOLD

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  Aaron Muller
Phone: 425.274.2092
Email: info@ACBrokersInc.com
 

Listing Information

Address: , North End, WA,
Gross Income (last 12 months):
$171,912.00
Value of Furniture, Fixtures, and Equipment:
$2,000.00
Cash Flow (last 12 months):
$76,899.00
Included in Asking Price?:
Yes
Year Established:
2002
Value of Inventory:
--
Number of full-time employees:
0
Included in Asking Price?:
No
Number of part-time employees:
1
Value of Property (if for sale also):
--
   
Included in Asking Price?:
No

Description


Founded since 2002, this is an established property management company in the north end. The portfolio of properties managed includes approximately 100 units of single-family homes, condos and small apartments, one retail building, and one HOA (homeowner’s association). The staffing consists of one part-time bookkeeper. The owner works 40 hours a week and does all the property management. After 17 years of running the business, the owner is ready to retire. This is a rare opportunity for an ambitious property manager to take over a portfolio of properties, go into business for himself or herself, and grow it to the next level. In order to operate this business, the buyer will need to possess a Managing Broker’s license with the Washington State Department of Real Estate Licensing or hire someone who has this license to be the designated broker.

Facilities / Location


The company leases an office space for $1,650 per month. The lease is on month-to-month. The furniture, fixtures, and equipment that come with the sale include computers, copier, chairs, desks, filing cabinets, etc. The property management software Appfolio is leased.

Competition / Market Pros & Cons


The company is well-established and positioned in an area that is experiencing a lot of population growth. The seller is willing to finance the rest if the buyer puts $30,000 down, making this an attractive acquisition opportunity.

Growth and Expansion Pros & Cons


At retirement age, the owner does not do any marketing and has not been pursuing new business. A new owner with fresh energy can focus on marketing and grow this business to the next level.

Support / Training Available


Seller is willing to train. Details negotiable.

Reason for Selling


Retirement.

Any Financing Seller Will Provide?


Buyer puts down $30,000. Seller willing to finance the rest with terms to be negotiated.

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