$5,000,000.00
Asking Price
Address: Los Angeles, 90034.
Status: Active
Posting ID: 286995
6/7/24
Description
For sale is a Property Management Software Company that is easy to use and affordable. This software collects all tasks required of property managers into one central dashboard and automates the repetitive aspects including accounting.
The Company’s offering is different from other software companies in that it is built using the newest technology and solves problems that were previously not able to be solved, with the flexibility users need and at price points that are affordable for all investors….from single property owners to REIT portfolios.
By collecting all tasks required of property managers into one central workspace or dashboard, the Company’s software truly can automats the management process: with an intuitive dashboard and a set of features and tools that automate and record all activities, the user can manage residential and all types of commercial properties.
The business model is Service as a Software (SaaS) selling monthly subscriptions which are charged based on the number of units under management. The software also offers pay-per-use features which are charged individually as they are used. Pay per use items are tenant screenings, esign and paid advertising for vacancies and for sale properties. The model is to charge the customer, not the tenant for these services.
NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: Virtual - No facilities are included in this transaction.
Competition: There are competitors who use the pricing model of charging tenants for rent collection and other features thus boasting that their software is free to landlords and property managers. In a company survey done in 2014, it was found that tenants generally do not want to rent from managers who charge them for software. The Company makes the case for raising the rent by $4.50 per month for new users of software to cover the cost of the software without the tenant knowing that the rent is actually covering the cost of software.
Growth & Expansion: Beginning in 2022 hundreds of thousands of new rental units (multifamily) were coming on the market every quarter according to Harvard University’s Joint Center for Housing Studies. The majority of these units were in the range we target for SPS customers, C+ through A properties with higher end rents. The market is ripe for fresh new software that can meet their needs, is easy to use and pays for itself.
Financing: Only if the deal structure is right for a highly qualified Buyer.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer/investor for up to 6 months or as negotiated.
Reason for Selling: Continue with other business interest and travel.
To get more information about this Property Management Software System - AI Enabled business for sale in Los Angeles please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286995 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Property Management Software System - AI Enabled, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Details
Asking Price: $5,000,000.00
Down: Call/Email
Cash Flow: $49,840.00
Revenue: $10,592.00
Area: Los Angeles
City: Los Angeles
Attributes:
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
ServingSouthern California
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingAll California
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
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