Property Management Business

Loveland, CO
Larimer County


Asking Price: Annual Revenue:
$169,000 $138,000

Services: Real Estate


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RE: Property Management Business Broker: Jillian

Quick Facts

Asking Price: $169,000
Annual Revenue: $138,000
Net Profit: Not Disclosed
Cash Flow: $106,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 1
BBN Listing #: 760212510
Broker Reference #: 2387

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Business Overview:

Are you just starting out in residential property management and want to spring board your business? How about an established property management company looking for quick growth? This opportunity created by a property management company owner’s impending retirement could be your answer. The owner works part-time managing these properties from home using Apfolio software. Approximately 105 “doors” currently under management are spread from Longmont, to Fort Collins & Estes Park, to Greeley. The largest customer accounts for 40% of revenue and the next 5 largest customers total 31%. Staff will stay on as long as required to ensure a smooth transition of these accounts to a new owner. The owner is currently engaged in both real estate sales and property management. They want to sell just property management accounts and maintain their ability to buy and sell properties for others, as well as to manage their own rental properties.

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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.

Relevant Links:

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