Gross Revenue: $948,124
Real Estate: $8,000,000
Profitable Property Management Business & Inventory of Properties
Executive Summary For the Property management Co. and Real estate
The Business and property portfolio is held under a Florida corp. (“Seller”).
Seller has Remodeled all properties through out the years. This is a Portfolio of rental properties with positive cash flow. This portfolio of properties is included in the sale. This investment portfolio company specializes in renting homes, condos, apartments, and commercial properties to a variety of people in the Daytona Beach area. Information on the Business, aspects of Daytona Beach that may be of relevance to investors, and details of the sale process is contained in this Selling Memorandum. Property Management Firm with Portfolio of Properties Ownership: Florida Corp. (100%) Property Portfolio: Multiple property classes including: multi-family homes - Beach side Daytona Beach single-family homes - Beach side Daytona Beach vacant lots commercial-zoned properties in Daytona Beach Key Notes: • 94% occupancy rate during peak in the multi-family, single-family, and condos • Tremendous redevelopment opportunity for many of the properties • Real estate holdings have been professionally appraised in the past. Brief History: Services Offered The Business has about 95 rentals available across its portfolio of investment properties in the Daytona Beach area. They include single and multi-family homes, apartments, condos, and commercial units. Sales consist of annual rental leases only. Any property that is not currently rented is always advertised as available for rental. The services rendered are not cyclical—there is no season during which a tenant could not rent. The following pages contain the addresses and photographs of each individual property under management by Seller. The properties are located in Port Orange, Daytona Beach, and Daytona Beach Shores in Volusia County, Florida. The majority of the photographs show the exterior frontage of each of the properties, but may not be representative of the properties current condition, since many of the structures have continued to be improved after they were taken. The corporate owned properties in the portfolio shall be sold in ("AS IS" condition) Several of the properties are contiguous and together account for large blocks of real estate. As such, buyers should take into account there-development potential of the portfolio, as well as the potential highest an best use of each lot. Daytona Property Management was founded by its owner in 1997. The business started off small, with about 2-3 properties for rent, and currently now has close to 100 units that are rentals. The company’s greatest accomplishment is how far it has come in the last ten years, from the amount of rental units, to the increased profit. Currently, the owner’s involvement is limited to overseeing daily activity in the office, exclusively during business hours. Organization The Business is staffed in the office by the owner, one full-time employee and two part-time employees. The maintenance staff consists of two full-time employees that are on-call. The staff is paid well above minimum wage, but does not receive any benefits. Every employee has an important role in the Business, and is treated as such. Morale of the employees is excellent. The Business provides a very safe and comfortable working atmosphere that keeps employees happy at work. This reflects well in the Business’ relationship with tenants and potential clients.
Real Estate: Owned
Included in asking price
Building Sq. Ft.: N/A
Facilities: Description of the Business Property Management Firm with Portfolio of Properties (Home Based)
Competition: Purchase Portfolio in cash and see Profits and cash flow rise competition is minimum due to others don't own Real Estate.
Growth & Expansion: There is a ton of growth in Florida rental prices are rising fast
Financing: OWNER WILL FINANCE $ 1 MILLION WITH FULL PRICE OFFER
Support & Training: Owner would be willing to stay on with a salary for complete training and support for minimum of 90 days.
Reason for Selling: Retiring
Home-Based: This business
Report an issue with this listing
The information in this listing has been provided by the business seller or representative
stated above. BizBuySell has no stake in the sale of this business, has not independently
verified any of the information about the business, and assumes no responsibility
for its accuracy or completeness.
terms & conditions before responding to any ad.