Prosperous Property Management Company

Not Disclosed, TN
Knox County


Asking Price: Annual Revenue:
$288,000 $416,193

Commercial Real Estate: Non-classifiable


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RE: Prosperous Property Management Company Broker: Doug Kose

Quick Facts

Asking Price: $288,000
Annual Revenue: $416,193
Net Profit: Not Disclosed
Cash Flow: $139,628
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 265354611
Broker Reference #: 5182-235546

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Business Overview:

Excellent Property Management business for sale offering quality homes and office suites located in East Tennessee. Company represents and manages wide base of rental owners and investors that includes single-family homes, multi-family apartments, lofts, condos, etc. Currently, their portfolio of customers includes 250-300 doors that are being managed, primarily single-family and multi-family houses and office suites. Business provides full-service with licensed property agents to provide assistance and support for all clients. Reputable company that launched 15 years and is still under the same ownership.
This is a great opportunity to take over an established well-run business with a large client base in place for continued success and growth.

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Market Competition and Expansion:

Business offers a buyer many opportunities for future growth. For an existing property management company, the opportunity to expand their footprint in the Knoxville market. For a real estate brokerage company that wants to diversify their operations, they offer additional revenue sources, i.e. property management, leasing, additional sales and property maintenance service opportunities. Few competitors with the strong reputation and experience as this business commands.

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.

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