Commercial Property Management Company in Houston

Listing: # 8352
Price: $ 1,193,500
Location: Houston
Listing Profile
Classification: |
Service Business |
Purchase Price: | $1,193,500 |
Real Estate Price: | $0 |
Working Capital: | $0 |
Total Investment: | $1,193,500 |
Down Payment Required: | $119,350 |
Gross Revenue: | $1,962,737 |
Discretionary Earnings: | $593,420 |
Imputed Rent: | $0 |
Total Cash Flow: | $0 |
Description and Operations
Established Date: | 1982 |
Monthly Rent: | $1,301 |
Reason for Sale: | Retirement |
Employees(Full): | 2 |
Employees(P/T): | 1 |
Reason for Sale:
Retirement
Description:
The founder of this established, profitable commercial real estate management company is retiring and looking for a qualified buyer committed to providing the same top-notch customer service for its investor clients and tenants. In business for over 30 years, the company has built a loyal client list of investors based in the U.S. and internationally with real estate assets in the Houston area. The assets under management include commercial, retail, investment, and development properties. The company excels in operations: collecting rents, disbursing payments to investors, monitoring maintenance, coordinating renovation, documentation, handling tenant requests, and managing leases and evictions. The company’s primary goal is to increase the ROI and value of the assets for its clients. Industry best reporting systems provide financial reports on a cash or accrual basis, and in any format chart of accounts requested, as well as the ability to acquire and use different software preferred by the investor. The owner is extremely well-connected in the Houston commercial real estate market and is flexible to assist the successful buyer with a suitable transition plan. Critical support staff and project managers will remain with the company. Pre-approved for SBA financing.
Contact Hal Poel