Profitable Niche HOA Property Management Company in LA County

Los Angeles County, CA (Relocatable)

Seller Financing Available
Profitable Niche HOA Property Management Company in LA County
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Asking Price: $949,000

Cash Flow: $319,758

Gross Revenue: $995,275

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,656 /Month

Established: N/A

Profitable Niche HOA Property Management Company in LA County

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Business Description

Profitable Niche HOA Property Management Company in LA County

Profitable, full service Property Management Company specializing in the Niche HOA industry. Clients are within the greater West Los Angeles and San Fernando Valley areas. The current owners established and have successfully operated the business for over 15 years. The company manages over 60+/- Homeowner’s Associations (HOA) consisting of up to 80 +/- units. The company also provides property management services for apartment buildings, single family, condos and medical buildings. Revenue is generated from several categories of services that the company provides.

The company takes a very personalized approach to the management of all properties and offers an array of services. There are trained employees in place including Property Managers, Assistant Property Managers, Bookkeepers and more. In late 2017, a significant investment was made in upgrading to more efficient cloud-based systems which resulted in overhead cost savings and an increase in cash flow and more important efficiencies. These systems allow the owners to work from home if needed. In addition, these systems provide tools and portals for the clients and their members to manage information and payments. The business is running very efficiently with these systems in place and will help to facilitate the ability to quickly expand into other markets and or services or property types.

The company has demonstrated strong, consistent sales revenue and cash flow year after year with excellent books and records. The figures in this ad are based on the filed 2017 tax returns and 2018 figures are similar. The owners are looking to retire after many years in the property management industry. The property management industry is a highly desirable business arena and there are several growth opportunities that the Seller will discuss. Demand remains high as more and more properties with HOAs come on line and more and more baby boomers no longer wanting to manage their own properties as well as individuals who inherit certain types of properties are not interested in managing their properties. The business is fairly straight forward to operate, and the sellers will provide ample training as part of the purchase price. The business is pre-approved for SBA finance for a qualified buyer will related industry experience. Seller may consider seller finance with a significant down payment. PLEASE NOTE - A California Real Estate Brokers license is needed in order to operate this business.

Please note this is a highly confidential matter and NO additional information will be provided until a Confidentiality Agreement, Buyer Profile and Proof of Funds of no less than $200,000 has been submitted along with information on a California Real Estate Brokers license. Please hit the reply button or the Contact Seller button on this website and fill in your information or email your information to receive a confidentiality agreement and further instructions to learn more about this opportunity.

Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/1/2022
Employees:
6
Facilities:
Prime location in LA County off a major freeway Office space with ample parking
Competition:
Seller To Discuss
Growth & Expansion:
Seller To Discuss
Financing:
Seller will consider seller finance for a qualified buyer with good credit and a sign
Support & Training:
Seller will provide training at no cost to qualified buyer.
Reason for Selling:
Retiring
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Contact the Seller

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Matt Coletta, CBB, CBI, M&AMI

Business Listed By:
Matt Coletta, CBI, CBB

M&A Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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