Property Details

Property Management Business - Rochester

Property ID : WSD24.266

For Sale $172,900.00 - Property Management, Real Estate

DESCRIPTION:
• A Property Rental Management Company serving the Rochester, NY area
• Currently has 115 units under management contract as of May 28, 2020
• All management contracts are with residential customers
• There is room to expand and grow the business
• Has been in operation since 2005
• Income has increased 380 percent from 2017 to 2019
• The Name of the Business is NOT included in the asking/purchase price, but may be negotiable
• The Business is to be relocated to the Buyer’s office or home.

INCOME AND SDE:

Income: 2019 – $ 236,142 2018 – $ 171,538 2017- $ 61,865
SDE*: 2019 – $ 78,387 2018 – $ 31,438 2017- $(5,627)

SDE* is based on relocating this business into the buyer’s office or home.

PRICE/FINANCING:
The asking price for this business is $ 172,900
COMMENTS:

• This is a great opportunity for someone to take over a successful company, and have the potential to grow the business by increasing rentals and revenue. Contracted clients are very satisfied with the current owner. The owner will train and stay on for an agreed upon time to ensure a smooth transition.

Agent Stephen DiPaolo

  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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