Well-Established Property Management Company in South Houston
Listing: # 8283
Price: $ 200,000
Location: South Houstom
Listing Profile
| Classification: |
Service Business |
| Purchase Price: | $200,000 |
| Real Estate Price: | $0 |
| Working Capital: | $0 |
| Total Investment: | $200,000 |
| Down Payment Required: | $200,000 |
| Gross Revenue: | $137,354 |
| Discretionary Earnings: | $71,146 |
| Imputed Rent: | $0 |
| Total Cash Flow: | $0 |
Description and Operations
| Established Date: | 1989 |
| Monthly Rent: | $850 |
| Reason for Sale: | Retirement |
| Employees(Full): | 0 |
| Employees(P/T): | 1 |
Reason for Sale:
Retirement
Description:
Family-owned property management company managing HOA’s, individual houses, condos, and townhouses in the south Houston/Bay area since 1989. Perfect business for a real estate agent with a broker’s license to get into property management or for another property management firm to pick up some good, strong contracts. Full-service company offering many services beyond just property management, including property sales and HOA management with top notch personal service unmatched by larger property management companies. 16 Homeowner’s Association Evergreen contracts covering over 1300 homes, bring in approximately 65% of revenues with around 16 other individual clients under contract representing the other 35%. Location where seller leases office space is on a month-to-month lease, so new buyer could run business out of their home if they chose to, saving $10,000 per year, or they could move location to a place of their choice.