Property Management with 29% Profit Margin

Serving Milwaukee to Kenosha for over 15 years, this property management company has a strong client base made up of Property Investors, focused in multifamily apartments. They take pride in having less than a 3% vacancy rate; plus there are contracts to onboard an additional 3,000 units. This is the main reason for the sale the current owner would like to bring on a strategic buyer for the upcoming growth. He would roll equity for up to 20% as a show of good faith and vested interest in the ongoing success of the company. They have a sister company that performs all maintenance and can fully rehab any units needing tenant improvement, making this property management firm unique. The well-developed leadership team includes a CFO, one Senior Vice President handing property management, and another Senior Vice President controlling the construction division. There are also 3 Property Managers, 4 in Maintenance, and 1 Office Admin. The owner oversees his leadership team and will do some site sourcing, as he still finds this enjoyable. His teams handles the day-to-day operations. The acquisition includes about $450K in assets and boasts a healthy sales pipeline with growth and projects in Austin, Texas. Asking $3,300,000 with only 10% down from the buyer and 70% from a lender. This streamlined property management business early a 29% profit margin could be yours!