Profile: Property Management.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$250,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$739,803 |
| Annual Adjusted Net: |
$93,013 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
Yes |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Seller started this business in 2003, but in an effort to simplify his life, he is letting it go. Over time, additional properties have been added to the portfolio to increase the revenue and profit opportunity. If you are comfortable talking to people and can be creative to develop a target list, you should do well with this business. The business manages property as rentals to vacationers. Why stay in a hotel, when you could rent a house for the week and enjoy the comforts of home? The majority of the booking, billing, and marketing is done via the Internet. Additionally, some footwork is needed to inspect properties and meet with prospects. This is a great business for you if you want a business that you can build or a supplemental income you can add to your current occupation. Seller is spending approximately 30 hours per week on the business, with the majority of those being flexible (responding to email, managing payments, etc). Call for details on this fantastic opportunity! This requires a California DRE license.
General Information
Facilities (Home Based): This is a home based business with the bulk of the work done via the Internet.
Competition: The market is great for this type of property management. The basis is vacation rentals, and the locations of the properties produces a consistent consumer base. Return clients are an asset to a business like this, so developing the database is important.
Growth and Expansion: The Seller has developed a portfolio while living out-of-state, so imagine a local owner's possibilities. The growth opportunity is enormous with property prospects from San Diego to San Luis Obispo! Additionally, Seller has been paying operations fees to independent contractors. These fees could be retained by an Owner/Operator.
Support/Training: Seller lives out-of-state, so live training will be difficult. Seller is confident in Internet training as well as phone training. Seller is also semi-absentee, so one particular key employee will help substantially.
Reason Selling: Seller wants to simplify his life.
Year Established: 2003
Employees: 3 ic.
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