Seller's Contact Information
- RE: Property Managment Business
- Contact: Raymond P
- License #: 201222488
Quick Facts
| Asking Price: | $1,875,000 | |
| Annual Revenue: | $745,488 | |
| Net Profit: | $557,952 | |
| Cash Flow: | $557,952 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 3 | |
| BBN Listing #: | 943415 | |
| Broker Reference #: | EG11317 |
Business Overview:
Long established commercial and residential property management business with 585 keys make this fully staffed operation in two major cities very attractive. Perfect opportunity as an add on to an existing management business or for a new entrepreneur looking to enter the Western Oregon market with their first acquisition. A current OREA Principal Broker or Property Manager license is required to hold client trust funds and is a barrier to entry for any buyers. Steady, recurring monthly fees from operations over $60,000 per month make this semi absentee management firm, a true cash cow with historical annual SDE over $500,000. The 2024 annualized SDE is $557,952!!! EG11317
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Property Features and Assets:
The current lease will expire on 7/31/2024, Rent $1,103, Square Feet 400
Licenses: Oregon Principal Broker or Property Management
Hours Monday thru Friday from 9 am to 5 pm
SBA pre-approved with 10% down and Property Management experience.
Reason for Selling:
Relocating
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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