Business Overview:
This is a very profitable commercial real estate property management company. The owner is going to retire after more than 25 years in the business. The current portfolio is strictly commercial real estate properties. The properties under management are primarily located in Orange County and the surrounding area. Currently there are 59 buildings under management (more than 1.43 million square feet). 75% of the properties have been under management for greater than ten years. The business requires a real estate brokers license to operate. The ideal buyer will have property management experience or already have an existing portfolio. Since 1995 this business has been home based, making it very easy to transition with little or no overhead. The books are extremely clean and verifiable. Gross income in 2010 was $196,762 and in 2011 was $232,908. Total discretionary income for the business in 2011 was greater than $175K and is projected to do more than $190K this year. This profitable business will sell quickly.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Home Based
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: