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Businesses For Sale

Highly Profitable Property Management Company in NW Houston

Listing Agent:


Anita Charpiot

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Available

Listing: # 8266

Price: $ 1,000,000

Location: NW Houston

Listing Profile

Classification:

Real Estate

Purchase Price: $1,000,000
Real Estate Price: $0
Working Capital: $0
Total Investment: $1,000,0000
Down Payment Required: $1,000,000
Gross Revenue: $1,338,214
Discretionary Earnings: $372,626
Imputed Rent: $0
Total Cash Flow: $0

Description and Operations


Established Date: 1995
Monthly Rent: $3,000
Reason for Sale: Retirement
Employees(Full): 19
Employees(P/T): 0

Reason for Sale:
Retirement


Description:
Highly profitable, association property management company, established in 1995, with excellent customer retention rates, is now available for acquisition. Perfect for an established property manager, a larger property management group looking to expand or individual looking to enter the industry. With 40+ associations under contract combined with additional subcontracted revenue streams. Offering an extensive list of services including accounting, facilities management & maintenance, architectural control, enforcement of deed restrictions compliance, developer/board consulting, among others. This streamlined process has proven resiliency throughout the Covid pandemic and is primed for substantial growth as it is currently adding multiple new contracts. This business contracts primarily with: Home Owners Associations (HOA), Property Owners Associations (POA), Recreational Associations (RA), Community Associations (CA), Community Improvement Associations (CIA), Improvement Communities (IC). This is an excellent opportunity to add a variety of associations to your existing firm or jump in the industry with a stable revenue stream. Seller will provide training to ensure a smooth transaction.

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