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Successful, Established Property Management Company


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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.