This commercial property management company provides tailored solutions for property owners, landlords, and investors. They boast a book of 18 commercial and retail properties under management with several recurring revenues streams that include property management, commissions and contractor and maintenance fees. The bourgeoning enterprise boasts a professional team of seasoned professionals that help to ensure seamless operations that has resulted in the financial success the company has realized from its real estate portfolio.
- Asking Price:
- $1,875,000
- Sales Revenue:
- $1,033,394
- Cash Flow:
- $528,177
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$4,340 per annum
- Premises Details:
-
The 2,500 square foot location leases for $4,340 per month which includes monthly common area maintenance expense on a lease until November 2024. It’s estimated that only 50% of the office facility is necessary for the property management portion available for acquisition. All of the business’s property management related furniture, fixtures, equipment and goodwill will be included in this sale, however the enterprises related real estate licensing will not be included.
- Size in square feet:
- 2,500
Business Operation
- Expansion Potential:
-
New management may capitalize on several aspects of this commercial property management operation. To begin, they may use it as a core component of a larger company or it’s may supplement an existing commercial real estate enterprise. The company had paid over $152k/year over the past 3 years in leasing commissions. An active owner/operator may cover this function themselves and retain these paid fees.
- Competition / Market:
-
The firm's commitment to optimizing asset performance and ensuring seamless operations, coupled with a professional team offering tailored strategies, makes it a top choice for clients who seek efficiency and value in their real estate portfolios. As such, they have a sustainable competitive advantage.
- Reasons for selling:
-
Personal
- Employees:
- 5
- Years established:
- 1987
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20hrs per week or as negotiated.
