Sold
Successful, Established Property Management Company
Successful, property management company based in the greater Glendora, Covina, El Monte, and La Verne area. Known for managing 200 properties or more and maintaining solid client relationships since 1983. They manage a variety of properties, including single family homes, condominiums, multi-family buildings plus, office buildings. Their service area extends to Beverly Hills and the LA area for select clients. The owner is retiring and willing to stay on for a period of time after the close of escrow to assure a smooth transition, successful training and to secure client retention for the new owner.
The staff is responsible for rent collections, repairs, leasing, and property sales. There are two employees who work Monday-Thursday from 9 AM to 1 PM. This is a completely relocatable business.
Sold for $440,000
Listed By: Teri Craft
Background information
Reference:
propmgmt
Year established:
1983
Reason selling:
Retirement
Finance
Sales:
$215,064
Profits:
$184,173
Profit type:
Net Income
Operations
Employees:
2 part time, working Mon-Thurs 9 AM to 1 PM.
Premises
Facility:
250-300 sq. ft. office with parking
Square footage:
250-300
Rent and lease terms:
$600 monthly rent. Relocatable
Location:
Relocatable
Opportunities
Market:
Known for managing 200 properties or more and maintaining solid client relationships since 1983
Price and terms
Price:
$440,000
Training:
The owner is retiring and willing to stay on for a period of time after the close of escrow to assure a smooth transition, successful training and to secure client retention for the new owner.