HOA Property Management Company in Southern California

CA (Relocatable)

Seller Financing Available
The company manages nearly 50 homeowner associations in a highly competitive rental market
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Asking Price: N/A

Cash Flow: $1

Gross Revenue: N/A

EBITDA: N/A

FF&E: $0

Inventory: N/A

Rent: $2,300 per Month

Established: 2019

HOA Property Management Company in Southern California

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Business Description

More Than 1,000 Doors with Nearly 50 Associations Under Contract

This profitable property management company has grown quickly in two short years in business. The company now has more than 1,000 doors under management with nearly 50 homeowner associations under contract.

There is tremendous "strap-on" potential here for a larger property management group or an established HOA manager looking to expand through acquisition. A majority of revenues are generated from HOA management but the company also manages single-family homes, condos and townhouses.

The business has thrived during the Covid pandemic, proving its resiliency by growing its revenues despite enormous challenges in the rental markets. The company is poised for steady, consistent growth.

It has established an in-house construction and maintenance arm which has increased profit margins by streamlining repairs. Roughly 32% of gross revenues are now generated by the construction and maintenance entity.

The business is located in a competitive, active sub-market in Southern California, which provide plenty of opportunities to grow the business. Health issues and a desire to move out of state are prompting the owner to sell at this time.

PLEASE NOTE: While the owners work to finalize their 2020 financials, we have removed the asking price and cash flow estimates, pending completion of the tax return and financial statements. Please contact Brian Loring at 855-683-8888 or go to https://www.managevisors.com/business-listing/hoa-property-management-in-southern-california/ to fill out our online NDA.

Detailed Information

Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
11/1/2021
Employees:
8
Facilities:
The company maintains a freeway-convenient office in a professional building within a few miles of most properties, making it easy for employees and maintenance staff to service clients.
Competition:
Though situated in a highly-competitive rental sub-market, there are no direct HOA competitors for many miles of the company's location.
Financing:
With Qualified Buyer
Support & Training:
Owner is willing to provide ample support during transition.
Reason for Selling:
Moving Out Of State
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Brian Loring, CBB, ARM, CVB

Business Listed By:
Brian Loring

Managevisors

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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