Property ID : WSD24.266
For Sale $172,900.00 - Property Management, Real Estate
• A Property Rental Management Company serving the Rochester, NY area
• Currently has 101 units under management contract as of March 4, 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.
ASSETS (included in the Asking price):
Equipment, Furniture and Fixtures at a fair market installed value of $ 2,000
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.
The asking price for this business is $ 172,900
• 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.