$695,000.00
Asking Price
Status: Active
Posting ID: 282918
9/25/23
Description
Profitable, well-established property management company that has been dedicated to serving homeowners associations (HOA) in Orange County for over 27 years. This business can be relocated anywhere in the greater Orange County area.
Specializing in HOA property management, this company caters to the HOA communities in Orange County. As per the seller, there are approximately 22 active accounts, and no account is greater than 10% of gross annual revenue. Excellent books and records and the business has been prequalified for SBA finance for a qualified industry buyer who has related industry experience. There are currently three property managers (one of which is the owner) plus an admin person. The two property managers and the seller will stay on for a transition period only (to be negotiated) and will need to be replaced in the near future. Buyers will need to have an existing property management company in place with employees who can take over the accounts within the next several months. This business is ideal for an existing company in Orange County looking to take over these long-term accounts. As per the seller, no real estate license is required since the business is 100% HOA-oriented and does not handle any real estate-related activity. A buyer with a real estate license could add additional services as a way to grow the company.
Please note that only serious industry buyers who can provide proof of funds in the amount of $150,000 and have an existing infrastructure in place should inquire. All buyers are required to sign a confidentiality agreement and provide proof of funds prior to receiving any information.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Matt Coletta at info@mabusinessadvisors.com to receive a confidentiality agreement and to learn more about this opportunity.
To get more information about this Property Management - Well Established business for sale in Orange County please phone Matt Coletta (Broker - BRE License #:01417096) at 818-999-9621 and 818-999-9621 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282918 on BizBen.com. In addition to phoning Matt Coletta, make sure you email Matt Coletta above to get more info about this Property Management - Well Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01417096. M&A Business Advisors.
Contact
Details
Asking Price: $695,000.00
Down: Call/Email
Cash Flow: $238,575.00
Revenue: $1,455,879.00
Area: Orange County
City: None Given
Attributes:
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