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Diversified Property Management Biz

Location  Texas,United States
Asking Price Range  $250K - $500K
Gross Revenues  $199313
Net Profit / Cash Flow  $148960
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2004
Number of Employees  1 - 3
Inventory  17600
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Retirement
Description  This successful, multi-service property management company currently operates mostly in the rapidly growing South Montgomery and North Harris County communities. The business is located in an active residential rental marketplace driven by the many international companies in the area. Their approximately 100 active residential accounts include a wide range of townhomes, duplexes, condos, apartments, and single family homes. It currently provides rental management, caretaking, foreclosure and sales services. All maintenance and repair services are outsourced to reputable service providers. Revenues are growing at a yearly rate of about 35%. A majority of the accounts have 1-2 years remaining on their contracts so revenue is stable. Ample growth potential lies in expanding the covered geographical area. This is perfect for an existing management company looking to expand or for someone looking to break into the business. You can easily continue to operate this business from home or move to an executive suite or small office - your choice.
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