Description of the business for sale
Here is a great opportunity to purchase an established property management company with a portfolio of 82 properties owned by a network of 27 active investors, the majority of which are from other states. The desirable climate for additional real estate investments provides a great opportunity for this business to continue to grow. The seller is a licensed real estate agent and will consider joining a broker to continue real estate sales or will agree to refer additional clients to the buyer who wishes to focus on property management.
GROWTH: The business has grown as a result of sellers real estate sales and little effort has been made to advertise for other properties to manage.
COMPETITION: The business enjoys a great reputation and the majority of clients are located outside of the market area so the threat of competition is very manageable and Central Texas continues to attract investment monies due to it favorable market outlook.
ADDITIONAL FINANCIAL INFORMATION
•Financing: Seller will consider financing for qualified buyer
•FF&E: $1,500
REASONS FOR SELLING: The seller wishes to focus on real estate sales.
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Support / Training provided by seller
One week of training will be provided, not to exceed 40 hours.
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Description of the facilities
The business has been home based and operated out of a small office.
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