Property Management Company for Sale County/City Contracts

Pikesville, MD (Baltimore County)

Property Management Company for Sale County/City Contracts
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Asking Price: $585,000

Cash Flow: $220,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $425 /Month

Established: 2011

Property Management Company for Sale County/City Contracts

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Business Description

Full service property management company for sale. Currently have 67+ doors under contract and still growing steady. Great opportunity for a Realtor and/or Contractor looking for instant cash flow and passive income with little time invested. Company has been in business since 2011 and has grown organically through very little advertisements and mostly through word of mouth. Can easily get more doors and revenue by adding mandatory maintenance upkeep and expanding by way of adding a website and doing some advertising. All systems are already in place and could be a very smooth transition for the buyer.

Detailed Information

Real Estate:
Leased
Building SF:
150
Lease Expiration:
2/4/2019
Employees:
3
Facilities:
Current office is leased. Currently on a month to month lease and buyer can elect to stay in the office and take over the contract or relocate to the office of their choosing.
Competition:
Baltimore has a great and steady rental market. More and more investors are holding on to properties long term and seeking tenants. With the changing laws, more people are seeking out Property Managers with good reputations.
Growth & Expansion:
Company can easily grow to over 100+ doors by way of website being added and doing advertising online. Other ways to add revenue and income as well.
Support & Training:
Seller willing to help with training and support. Details can be negotiated.
Reason for Selling:
Seller relocating to another state.
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Business Listed By:
Aleksander Chernin

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