Recession Proof Management Company For Sale

Austin, TX (Travis County) (Relocatable)

Recession Proof Management Company For Sale
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Asking Price: $85,000

Cash Flow: $24,945

Gross Revenue: $55,095

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2009

Recession Proof Management Company For Sale

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Business Description

This is a great opportunity for a property management company, Realtor, or individual to a establish an association management business in Austin – one of the best real estate markets in the county. Primarily focused on residential properties, this business has added several new customers recently and continues to receive many word-of-mouth referrals. With a mix of condominium associations and residential subdivisions, this is an ideal foundation for individuals new to the industry or companies new to the area.

Primary income is derived from the base contracted management fee; however, there are several sources of ancillary income: resale certificates, transfer fees, late fees, condo questionnaire fees, and project management fees. Many companies also capitalize on maintenance and repairs by managing those services in house. The contracts also provide for administrative reimbursement for postage, shipping, supply costs, etc.

Prospective buyers have the option of retaining our staff community manager. She has over 10-years of association, and multifamily, management experience and many contact within the industry. Our clients and vendors love working with her, and she can help make the transition smooth. She is comfortable working from either an office or from home.

Many of our clients have been with us for years and have become friends. We’ll be sad to see them go, but our business has other opportunities in different sectors of real estate. We will be a valuable referral resource for the buyer.

Attached Documents


Detailed Information

Real Estate:
Owned
Building SF:
N/A
Employees:
1
Facilities:
1 Employee with laptop, software, and files
Competition:
Competition is limited as its a niche industry. In Texas, association management is not considered a brokerage activity and no license is required. The Austin market is producing dozens of new developments per year that require association managers and we've found picking up existing associations to be relatively easy.
Growth & Expansion:
The current property manager could handle five more communities, but after that additional staff would be required.
Support & Training:
Available, if need.
Reason for Selling:
Other investment opportunities
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Business Listed By:
Not Disclosed

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