MILWAUKEE, Wisconsin
| Asking Price |
$3,100,000 |
Year Established |
2009 |
|
| Annual Revenue |
$2,212,459 |
Reason for Selling |
Seeking a strategic growth minded buyer |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$781,321 |
Listing Number |
942548 |
|
| # of Employees |
11 |
Business Category |
Services: Professional |
|
Business Overview:
Their client mix is 85% multi-family housing/apartments, 10% single family homes (multi-unit), and 5% commercial made up of Property Investors, focused in multifamily living. The organization has developed a reputable presence, by serving Milwaukee & Kenosha Wisconsin. The well-developed management team includes a Controller, two Senior Vice Presidents and a Superintendent. There are also 3 Property Managers, 3 in Maintenance, and 1 Office Administrator. The owner oversees his leadership team and will do some site sourcing, as he still finds that enjoyable. His staff handles the day-to-day operations. As a show of good faith and vested interest in the ongoing success of the company the owner has offered to roll equity for up to 25% and provide a 4–5-year transition period. The acquisition includes about $450,000 in assets which are company vehicles, deposits, and AR. A 15+ year established property management firm where the owner is seeking a strategic minded buyer with business acumen. Priced at $3,100,000, a 10% down payment will return $366,402 in the first year after debt payments. A 118% return on investment! Two banks have already pre approved this loan for a qualified buyer with only 10% down and 65% from a lender.
Property Features and Assets:
<p>Fleet & Equipment: $157,686 – 5 vehicles and 1 trailer.</p><p>A/R + Deposits & Prepaid: $227,681</p><p>Inventory: $63,690</p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity