Property Management Business

Rochester, NY
Monroe County

Rochester, NY area

Asking Price: Annual Revenue:
$172,900 $236,142

Services: Real Estate

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RE: Property Management Business Broker: Stephen DiPaolo

Quick Facts

Asking Price: $172,900
Annual Revenue: $236,142
Net Profit: Not Disclosed
Cash Flow: $78,387
Total Debt: Not Disclosed
FF&E: $2,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 2
BBN Listing #: 29535131
Broker Reference #: WSD24.266

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Business Overview:

• A Property Rental Management Company serving the Rochester, NY area
• Currently has 101 units under management contract as of March 4, 2020
• All management contracts are with residential customers
• There is room to expand and grow the business
• Has been in operation since 2005
• Income has increased 380 percent from 2017 to 2019
• The Name of the Business is NOT included in the asking/purchase price, but may be negotiable
• The Business is to be relocated to the Buyer’s office or home.

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Market Competition and Expansion:

• This is a great opportunity for someone to take over a successful company, and have the potential to grow the business by increasing rentals and revenue. Contracted clients are very satisfied with the current owner. The owner will train and stay on for an agreed upon time to ensure a smooth transition.

Reason for Selling:

To concentrate on real estate brokering.

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.

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