Property Management with 29% Profit Margin

Milwaukee, WI
Milwaukee County

Asking Price: Annual Revenue:
$3,300,000 $3,658,485

Services: Real Estate

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RE: Property Management with 29% Profit Margin Broker: Jared Olson
Owner Financing is Available!
10% Buyer Down Payment $330,000 10% Seller Financing $330,000 10% Equity Roll $330,000 70% Bank Loan $2,310,000

Quick Facts

Asking Price: $3,300,000
Annual Revenue: $3,658,485
Net Profit: Not Disclosed
Cash Flow: $770,867
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 11
BBN Listing #: 935134398
Broker Reference #: CBI037-A

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Business Overview:

Serving Milwaukee to Kenosha for over 15 years, this property management company has a strong client base made up of Property Investors, focused in multifamily apartments. They take pride in having less than a 3% vacancy rate; plus there are contracts to onboard an additional 3,000 units. This is the main reason for the sale the current owner would like to bring on a strategic buyer for the upcoming growth. He would roll equity for up to 20% as a show of good faith and vested interest in the ongoing success of the company. They have a sister company that performs all maintenance and can fully rehab any units needing tenant improvement, making this property management firm unique. The well-developed leadership team includes a CFO, one Senior Vice President handing property management, and another Senior Vice President controlling the construction division. There are also 3 Property Managers, 4 in
Maintenance, and 1 Office Admin.

The owner oversees his leadership team and will do some site sourcing, as he still finds this enjoyable. His teams handles the day-to-day operations. The acquisition includes about $450,000 in assets and boasts a healthy sales pipeline with growth and projects in
Austin, Texas. Asking $3,300,000 with only 10% down from the buyer and 70% from a lender. This streamlined property management business early a 29% profit margin could be yours!

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Property Features and Assets:

Assets Included in Purchase: $449,058 Fleet: $97,686 5 vehicles and 1 trailer Equipment/Tools/Office: $60,000 Inventory: $63,690 Deposits & Prepaid: $153,524 A/R: $74,158

Reason for Selling:

Looking for a strategic growth minded partnership.

Additional Details:

  • The property is owned.
  • 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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