Residential Property Management

Fort Myers, FL (Lee County) (Relocatable)

Seller Financing Available
Residential Property Management

Asking Price:$539,000

Cash Flow:$151,000

Gross Revenue:$327,000

EBITDA:N/A

FF&E:$2,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:2012

Residential Property Management

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Business Description

Currently managing residential properties in Southwest Florida. Business has approximately 120 residential properties on annual contracts, up 40%± from last year. 2016 financials are annualized based on 1st 6 months. Three year average of Owner Benefits is $161,000. This business does not require OWNER to hold Florida real estate or CAM licenses. Broker's license required for sales & leasing, but seller has employed a licensed Real Estate Broker (who may qualify buyer). Currently six Sales and Leasing Agents working as independent contractors. Seller will provide 2 weeks of training, 20 hours a week, no charge. Seller may provide additional consulting at a reasonable remuneration. No long lease to content with - executive suite or existing office will work. All associates are 1099 Independent contractors. Very Confidential.

BUYER QUALIFICATION REQUIRED BEFORE ADDITIONAL INFORMATION CAN BE DISCLOSED.

Detailed Information

Real Estate:
Leased
Building SF:
350
Lease Expiration:
N/A
Employees:
7 (all 1099)
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Executive Suite (could be operated out of a current office) or even home based
Competition:
Southwest Florida housing market is one of the hottest markets in the country.
Growth & Expansion:
Expanded by 50% in 2015 and with marketing, potential is large.
Financing:
216000
Support & Training:
Two weeks Extended support available but not included in sale
Reason for Selling:
Retirement / Health concerns

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Brad Welborn

Business Listed By:
Brad Welborn

RE/MAX Realty Group

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