Growing Multi-Family Property Management

Not Disclosed, CA
Orange County


Asking Price: Annual Revenue:
$1,400,000 $1,440,000

Services: Real Estate


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RE: Growing Multi-Family Property Management Broker: Linnea Westlake

Quick Facts

Asking Price: $1,400,000
Annual Revenue: $1,440,000
Net Profit: Not Disclosed
Cash Flow: $355,205
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 9
BBN Listing #: 882633008
Broker Reference #: 2401-973593

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Business Overview:

IN CONTRACT: Growing Multi-Family Property Management in Southern California.

Premier Property Management Services provided by a seasoned team of professionals. The firm creates maximum NOI for investors through asset management as well as renovation and redevelopment of properties as needed. It enjoys an exceptional reputation in the industry.

About 625 units are under management for 10 clients with other projects pending. Existing clients offer significant additional growth as more of their portfolios are integrated.

The company has been established 15 years but re-structured recently and is realizing exciting growth spirts.

There are 9 employees (one full-time) and 11 full time contractors
Only 1 employee is not reimbursed by clients. Buyer will eventually need to replace seller functions of client relations/business development, reporting, some on-boarding of new accounts and general oversight. There are synergistic opportunities to reduce other overhead for buyers already in the industry and/or with some infrastructure. Seller is open to support transition and business development on negotiable terms.

Marketing is conducted through industry associations, networking, referrals, social media and email campaigns. Formal 3rd party valuation completed 1/20/2022 estimated range of value from $1,300,000 - $1,490,000.

Buyer Qualifications: So CA Industry related. Cash only. NO SBA Simple deal terms.

2022 Proforma Gross $1,440,000. Proforma SDE $355,205.92.
Asking: $1,400,000

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Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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