Property Management Biz - Riverside County

Hemet, CA (Riverside County) (Relocatable)

Seller Financing Available
OWNER WILL FINANCE!
Contact Seller

Asking Price: $390,860

Cash Flow: $156,334

Gross Revenue: $248,240

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: 2006

Property Management Biz - Riverside County

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Business Description

Priced ONLY 2.5x earnings. Recurring Income. OWC!

Profitable, COVID-19 resilient, established (since 2006), did I mention Profitable, property management business for sale. Owner has complete confidence in the business and is willing to finance 50% of the purchase price (for 5 years) to a qualified buyer.
Business has a great office, but COVID-19 has proven this "tech" enabled business can run from home with no disruption of service (plus INCREASED profit). Office is a mth-mth lease. You can keep the office, move, or operate form home.
Operated by a broker and husband team, with p/t help from a receptionist/assistant this business has proven its financial stability and has a stable foundation for exponential growth for the right buyer
About 120 single family residences under management (over 90 landlords), 90% of the SFR under management are located within a 20 mile radius.
Note: You MUST be a licensed CA Real Estate BROKER to buy this business.
All potential buyers must complete an NDA on www.BuyerNDA.com to receive more information.

Detailed Information

Location:
Hemet, CA
Employees:
1 p/t
Facilities:
Very nice office with nth-mth lease. You can keep, relocate, or run from home. (Home Based)
Financing:
50% to Qualified Buyers
Support & Training:
Yes, up to 30 day transition included in price. You MUST be a CA Real Estate BROKER
Reason for Selling:
Semi-retirement
Home-Based:
This business is Home-Based
Business Website:
http://BuyerNDA.com
Contact Seller

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Pablo Fonseca, MBA

Business Listed By:
Pablo Fonseca

Spectrum Business Advisors

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Ad#:1788278

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