Property Management Firm with strong listing and credit lines

Spartanburg, SC (Spartanburg County)

Seller Financing Available
Property Management Firm with strong listing and credit lines

Asking Price:$65,000

Cash Flow:N/A

Gross Revenue:$37,074

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:$3.08

Established:2013

Property Management Firm with strong listing and credit lines

Get Financing Save Print Share Valuation Report

Business Description

Property Management Contracts
Business Accounts, which include Bank Credit lines with
Wells Fargo
Capital One Bank

Attached Documents


Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
800
Lease Expiration:
6/1/2017
Employees:
1
Facilities:
No Facilities for office will be included; Rental Properities Managed- Strong Relationships with Owners Mixed of Updated Mobile-home parks and residential homes. All Management contract renewed til 2018
Competition:
Applewood Estates has establish a strong web presence for listing in the South Carolina area. Internet marketing is a top access for any property management firm for both owners and resident. Applewood receives an average of 4,000 organic google searches a month with a 10% conversion to the companies website. The company has robust social media accounts on Facebook and Twitter with a 5 star rating in addition to Angel's List , Google 5 Star Ratings. The company has robust social media accounts on Facebook and Twitter with a 5 star rating in addition to Angel's List , Google 5 Star Ratings.
Growth & Expansion:
The company has currently 32,500 in bank lines of credit, which could be utilized for the new ownership. The business is a great fit for existing property management firms, who what to expand to the South Carolina market and start-up property managers, who want turn-key shop.
Financing:
Yes, Option 2 Only
Support & Training:
Applewoods owner, who is the licensed property manager will include 60 day of license coverage and support if new owner is not-licensed in the state. Additional Training and Management can be added for an consulting fee, based on approval of both parties.
Reason for Selling:
Transition to Real Estate Development Business
Business Website:
http://www.applewoodestatessc.com/

Listing Statistics for Premium Members

Ad#:1319562 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.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Eric Whiteside

Business Listed By:
Eric Whiteside

American Capital Funds

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Transworld Business Advisors

Franchise Opportunity In SC
Capital Required: $39,500