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Established 20 Year Property Management Firm

Location  Illinois,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1224388
Net Profit / Cash Flow  $221567
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1992
Number of Employees  10 - 19
Inventory  30000
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Owned
Reason for Sale  Retirement
Description  This property management firm is one of the leading providers of association management services in Chicagoland. The business has a 20 year history of growth and profitability. Currently they manage sixty associations comprised of approximately 5,700 units. The focus is on condominiums and townhomes though they do work with a handful of single family home associations. The business has an excellent reputation for customer service which has resulted in excellent retention of associations. Its professional staff is well-trained with years of experience in financial management and property maintenance. The seller is active in the day-to-day management of the business and has been a forward thinking manager incorporating technology and best practices into the business. Increasing marketing activities and expanding the geographic market served should grow the business top-line and bottom-line. The business has been prequalified for SBA financing with favorable terms.
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