Sold
Established Property Management Business in Prime Location
Listed By: Christian Alavi
Background information
Reference:
1011
Year established:
2012
Reason selling:
Retirement.
Finance
Sales:
$1,427,000
Profits:
$460,000
Profit type:
Discretionary Earnings
Operations
Employees:
14
Equipment:
Included in asking price $170,000
Premises
Facility:
Office/shop space leased (2,000 sq. ft.). 2 individual employee condo units.
Square footage:
2000
Location:
Frisco, CO
Opportunities
Growth:
This business is located in a resort community with many HOAs needing property management services. Could also expand into short-term rental management, residential homes or commercial property. Additionally, the new owner could add service offerings.
Price and terms
Price:
$1,279,900
Financing:
SBA pre-qualified.
Training:
Owners are flexible with support and training, and will work with the new owner to ensure a smooth transition.