UpscalReal Estate Rental and Property Management Company

NC

UpscalReal Estate Rental and Property Management Company
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Asking Price: Get Financing: N/A

Cash Flow: $1,839,000

Gross Revenue: $3,266,000

EBITDA: $532,000

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: N/A

UpscalReal Estate Rental and Property Management Company

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Business Description

The company is a general brokerage real estate firm offering property management, upscale rental, and sales brokerage services. The primary focus of the business is the renting and management of single family homes and upscale townhomes.

Key aspects
· High degree of recurring revenue
· Strong synergies between rental, property management, and real estate brokerage
businesses
· Market leader in the state
· In operation for over two decades
· Over 2,000 properties under lease and over 1,000 properties managed
· Company is debt free

Shareholder/owner objectives
· Three owners, two of which are active, are looking to sell their equity in the
company. One owner is prepared to remain with the company for a number of years
following the sale. The other two are looking to exit for retirement purposes.

Detailed Information

Real Estate:
Leased
Building SF:
6,575
Lease Expiration:
N/A
Employees:
43
Facilities:
The company operates from two locations, a 5,700 sq. ft. facility and an 875 sq. ft. facility. The facilities are leased from a related and unrelated third party respectively.
Competition:
Key aspects · High degree of recurring revenue · Strong synergies between rental, property management, and real estate brokerage businesses · Market leader in the state · In operation for over two decades · Over 2,000 properties under lease and over 1,000 properties managed · Company is debt free
Growth & Expansion:
Opportunities · Acquire additional management contracts from local competition · Hire additional rental and sales agents · Create dedicated marketing department · Expand services offered in the newly acquired second location
Reason for Selling:
Two partners looking for retirement and one looking to stay but sell.
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John Deeks

Business Listed By:
John Deeks

Benchmark International

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Sponsoring Broker:
Emily Cogley


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