Property Management Firm Owner Will Carry For Sale

This property management with maintenance firm has a
strong client base made up of Property Investors, focused
in multifamily living. Their client mix is 85% multi-family
housing/apartments, 10% single family homes (multi-unit),
and 5% commercial. This company set the record for their
highest year in 2022 with $3,628,577 in sales and
$1,118,866 in cash flow while maintaining a 31% profit
margin. The acquisition includes about $450K in assets
which are company vehicles, deposits, and AR. The
organization has developed a reputable presence, by
serving the Milwaukee & Kenosha are for over 15 years. As
a show of good faith and vested interest in the ongoing
success of the company the owner has offered to roll equity
for up to 25% and provide a 4–5-year transition period. Due
to the expected growth – the owner is seeking a strategic,
growth minded buyer with business acumen as they are
gearing up for contracts that will be onboarded of an
additional 2,500 units in Austin, TX. by 2024. The owner
oversees his leadership team and will do some site
sourcing, as he still finds that enjoyable. His staff handles
the day-to-day operations. The well-developed
management team includes a Controller, two Senior Vice
Presidents and a Superintendent. There are also 3 Property
Managers, 3 in Maintenance, and 1 Office Administrator.
Priced at $3,900,000, the owner is looking for a buyer with
a larger Property Management company or development
business in order to aid with the growth that they are
experiencing. Two banks have already pre-approved this
loan for a qualified buyer with only 10% down and 65%
from a lender. The upcoming growth coupled with a 31%
profit margin makes this streamlined property management
business a great opportunity.