KENOSHA, Wisconsin
| Asking Price |
$500,000 |
Year Established |
2004 |
|
| Annual Revenue |
$815,553 |
Reason for Selling |
divestment |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$112,996 |
Listing Number |
942936 |
|
| # of Employees |
4 |
Business Category |
Services: Professional |
|
Business Overview:
Established in 2004, this Property Management Firm operates throughout the Milwaukee area, offering its services to property investors in various neighborhoods and communities. This company provides a range of services including rent collection, maintenance coordination, violation monitoring, tenant screening and evictions. The company primarily serves property investors who own duplexes and single-family homes. Currently, they manage 100 units with additional units in the pipeline. The company operates from a 1,200 sq ft furnished office space, providing a professional environment for conducting operations. The team consists of 1 full-time secretary and 1 office assistant and 2 on the maintenance team. The seller spends approximately 15 hours per week in the business, providing light oversight and coordinating contractors for unit repairs and renovations, and he has offered a training period of 6 months to 1 year - ensuring a smooth transition of operations to the new owner. An attractive opportunity for individuals or firms looking to enter or expand their presence in the property management industry in Milwaukee. As part of the seller’s divestment strategy, they are looking for a successor to assume operations.
Property Features and Assets:
Market Competition and Expansion:
<p>Increase the number of rental units under management, invest in additional units outside of the investor pool, and implementing a marketing strategy.</p>
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