Asking Price: $600,000 Gross Revenue: $350,136Cash Flow: $204,759 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $6,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
A well-established, reputable Property Management company currently managing approximately 400 units in Central NC. In operation for more than 25 years, the company has a portfolio consisting of single family homes, duplexes, triplexes, quads and some small apartment complexes. The company provides management to approximately 100 owner entities, has great client retention and an excellent reputation in the local industry. 2017 Tax returns are for the year ended 9/30/2018.
About the Business
Number of Employees:
3 FT/1 PT
The company currently rents about 760 square feet in a small commercial office building. The $500/month lease expires at the end of August, 2019. It is assignable and a long-term lease for a buyer should be available.
There are a number of property management companies in the Central NC area. This is reflective of the strong property rental market - estimated well over 60,000 rental units.
Growth & Expansion:
Opportunities for increased revenues and improved margins exist if a new owner wanted to offer full brokerage services. Services not offered by existing ownership include: property sales (currently, if existing clients decide to liquidate properties, these sales are referred to outside listing agencies); an in-house maintenance staff (currently, outsourced); assist existing tenants purchase homes (currently, referred to outside listing agencies); commercial services (currently, not offered). Also, if the new owner should endeavor to solicit new business from property owners in the area, there could be substantial growth from such efforts. The current owner has only been accepting new business from word-of-mouth referrals for the past few years, as handling the current base of business has been an adequate full-time effort given the size of business he desired to be.
Will train for 4 weeks @ $0 cost. The products and services of the company are real estate-related and possession of a North Carolina Real Estate Brokers License practicing under, or as, a Broker in Charge is required. Property management experience is a must.
Residential property management services including evaluation of rental units, marketing & advertising, tenant screening, lease negotiation & enforcement, maintenance coordination & oversight, court proceedings when necessary. Full accounting monthly to owners and issuance of 1099 reporting at year end. Sophisticated online software utilized. Also provide tenant acquisition services where day to day management is left to owner.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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