Business Summary:
This property management with maintenance firm has astrong client base made up of Property Investors, focusedin multifamily living. Their client mix is 85% multi-familyhousing/apartments, 10% single family homes (multi-unit),and 5% commercial. This company set the record for theirhighest year in 2022 with $3,628,577 in sales and$1,118,866 in cash flow while maintaining a 31% profitmargin. The acquisition includes about $450K in assetswhich are company vehicles, deposits, and AR. Theorganization has developed a reputable presence, byserving the Milwaukee & Kenosha are for over 15 years. Asa show of good faith and vested interest in the ongoingsuccess of the company the owner has offered to roll equityfor up to 25% and provide a 4–5-year transition period. Dueto the expected growth – the owner is seeking a strategic,growth minded buyer with business acumen as they aregearing up for contracts that will be onboarded of anadditional 2,500 units in Austin, TX. by 2024. The owneroversees his leadership team and will do some sitesourcing, as he still finds that enjoyable. His staff handlesthe day-to-day operations. The well-developedmanagement team includes a Controller, two Senior VicePresidents and a Superintendent. There are also 3 PropertyManagers, 3 in Maintenance, and 1 Office Administrator.Priced at $3,915,000, the owner is looking for a buyer witha larger Property Management company or developmentbusiness in order to aid with the growth that they areexperiencing. Two banks have already pre-approved thisloan for a qualified buyer with only 10% down and 65%from a lender. The upcoming growth coupled with a 40%profit margin makes this streamlined property managementbusiness a great opportunity.
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