Well Established Property Management Company #2802

SOLD!

Details

Business Description

• Well established property management firm in Longmont since 1994.
• Outstanding reputation with clients and rapport with tenants.
• Seller has taken a selective approach to clientele and properties, leading to extremely low tenant turnover and vacancies while maintaining high client retention. Some clients have been with the company since its beginning, almost 30 years.
• Client base is a mix of individuals and small investment groups.
• The business handles leasing, management of funds, cleaning, and property maintenance requests of single and multi-family rental homes and apartment complexes.
• Currently, the owner works part-time in the business and is the only operator. No maintenance or cleaning is performed by the owner.
• A reliable base of contractors, handymen, cleaners, etc. has been developed to allow for streamlined response to property and tenant needs.
• The company has experienced 100% organic growth by word-of-mouth advertising. Currently no marketing efforts are in place, which presents opportunity for growth by advertising investments.
• Per the Seller, this business can be operated out of a home office.
• As the Seller has been preparing to retire they have continually turned down additional clients, indicating what they believe to be plenty of opportunity for growth within the market.
• This company would be a great addition to an existing property management firm, or a stable base to expand on for someone starting their own company.
• Office space is currently leased (month-to-month) in building owned by seller. A month-to-month or long term lease is available to buyer if interested. No lease commitments are associated with business sale.
• No FF&E is required for operation of business or included in sale.

Represented by Tre Scott. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.