Property Management Firm: Owner will carry 25%
Traditional Property Management with 2,500 Units Being Added in 2024!
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.
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Print, sign and send to:210 N 78th St. 2nd Floor
Omaha, NE 68114
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