Property Management Company

Montgomery County, OH

Property Management Company
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Asking Price: $330,000

Cash Flow: $108,000

Gross Revenue: $334,000

EBITDA: N/A

FF&E: $9,000

Inventory: N/A

Real Estate: $92,500*

Established: 1994

*not included in asking price.

Property Management Company

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Business Description

Full service multi-family real estate brokerage and property management company. They specialize in the management of single family homes, smaller apartment buildings and condominium associations. Currently, their portfolio of customers includes, 5 Condominium Communities totaling 325 units, and 80 units of single-family homes, duplexes, and multi-family units. Additionally, they provide brokerage services for buying and selling of single-family homes and multi-family investment properties. Buyer should have an Ohio Real Estate Sales license as a minimum. A Brokers license would be ideal.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
2,000
Employees:
1 Plus 2 Owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office condo area. Units are owned by small business owners with 3 – 4 offices per condo. Floor 1 is 988 Sf, with the same footprint in the storage basement. Real Estate Available for Purchase at $92,500 in addition to the business at $330,000. There is a lease option if a buyer would want to use the existing office space for $1,200 per month plus a Security Deposit of $1,000.
Competition:
As of February 2018, their portfolio of customers includes: 5 Condominium Communities totaling 325 units 80 units of single-family homes, duplexes, and multi-family units.
Growth & Expansion:
Business offers a buyer many opportunities for future growth. For an existing property management company, they offer the opportunity to expand their footprint in the Dayton, Ohio market. For a real estate brokerage company that wants to diversify their operations, they offer additional revenue sources, i.e. property management, leasing, additional sales and property maintenance service opportunities.
Financing:
Seller will consider to qualified buyere
Support & Training:
Seller available to train and support new owners.
Reason for Selling:
Owners are retiring.
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Contact the Seller

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Roland Rapp

Business Listed By:
Roland Rapp

Sunbelt Business Advisors of Miami Valle

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Sponsoring Broker:
Gerry Chadwick, CBI

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