Business For Sale Listing 157685
Established Property Mgt Business With 72 Units
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
Great opportunity to enter the property management business with this established business that has 72 units managed under renewable annual contracts. This business is on track to yield a cash flow of $62,361 in 2008 and additional growth and expense savings are possible. The sellers have invested in a professional website that allows the prospective client to view services provided, view available properties for lease, make rent payments and schedule on line service requests. The majority of properties are located in the Austin area and others extend north to the Fort Worth area. The rental market is very strong with increasing rent rates and favorable vacancy rates and concerns associated with property values and stricter loan qualification provide a bright outlook for this business.
Categories
Industry
Location
Financials
| Sales: |
Under $100 Thousand |
| Profits: |
Under $100 Thousand |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: |
Between $100 Thousand and $500 Thousand ($175,000) |
