MergerPlace

Established Property Management Company

Idaho


  • Asking Price: $300,000
  • Gross Income: $400,431
  • Cash Flow: $89,332
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $61,829
  • Listing ID: #226173
  • Established: 2006
  • Employees: 5 FT/3 PT

Business Description

Established property management business in desirable and affluent resort community in Idaho. Well respected business with more than 220 properties under management. Historically there has a been a low turnover in managed properties. The business does not manage vacation rentals, it only manages HOAs and long-term leases.


Business Details

Primary Business Category: Rental & Leasing Services
Location: Idaho

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT/3 PT

Financial Information

Asking Price: $300,000
Gross Revenue: $400,431
Cash Flow: $89,332
FF&E: $61,829
Seller Financing Available: No

Property Information

Facilities:

Owner has own office space that this available for lease or purchase.

Growth & expansion opportunities:

Growth will depend on appetite and ability to take on more business. The is also the opportunity to expand into property sales.

Competition:

There are other property management businesses in the area but no shortage of work to go around. Minimal marketing required to get inquiries.

Reason for selling:

Owners are retiring.

Support & Training:

Will train for 3 weeks @ $0 cost. No licenses required unless plan to sell some real estate in which case a real estate license is required. Customer service is the key skill to manage this successful business.

Contact Business Seller

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Business Listed By:

Neil Bradshaw

Murphy Business Brokers