Traditional Property Management with 2,500 Units Being Added in 2024

This property management with maintenance business has a strong client base made up of Property Investors, focused in multifamily living. Their client mix is 85% multi-family housing/apartments, 10% single family homes (multi-unit), and 5% commercial. This company set the record for their highest year in 2022 with $3,628,577 in sales and $1,118,867 in cash flow while maintaining a 31% profit margin. The acquisition includes about $450K in assets which are company vehicles, deposits, and AR. The organization has developed a reputable presence, by serving the Milwaukee & Kenosha are for over 15 years. As a show of good faith and vested interest in the ongoing success of the company the owner has offered to roll equity for up to 25% and provide a 4–5-year transition period. Due to the expected growth – the owner is seeking a strategic, growth minded buyer with business acumen as they are gearing up for contracts that will be onboarded of an additional 2,500 units in Austin, TX. by###-###-#### The owner oversees his leadership team and will do some site sourcing, as he still finds that enjoyable. His staff handles the day-to-day operations. The well-developed management team includes a Controller, two Senior Vice Presidents and a Superintendent. There are also 3 Property Managers, 3 in Maintenance, and 1 Office Administrator. Priced at $3,915,000, the owner is looking for a buyer with a larger Property Management company or development business in order to aid with the growth that they are experiencing. Two banks have already pre-approved this loan for a qualified buyer with only 10% down and 65% from a lender. The upcoming growth coupled with a 31% profit margin makes this streamlined property management business a great opportunity.