Sought After 30 Year Property Management Business in LA County
About this business for saleSought After 30 Year Property Management Business in LA County
Revenues: $217,000 SDE: $115,000
Rare chance to acquire a niche market commercial Property Management company with a sterling reputation that is located in South LA County with managed properties located in LA and Orange Counties. This boutique property management company specializes in tenant management for strip malls and commercial buildings in industrial parks, including 8 properties with 55-65 individual tenants. Property management allows a realtor to earn steady, predictable income in the real estate arena that is known for its earnings swings. The owner of the 34 year old company passed away suddenly in May of this year, leaving his wife to manage the business. Although she has valiantly maintained the business since then, she has determined to sell. The company is centrally located in a great geographic area with the perfect demographics for success such as escalating commercial rents and an abundance of quality commercial properties. All the tools for success are included in the purchase including outstanding property management software that will allow expansion into multi-tenant residential property if new owner desires. The owner is willing to stay for a short period to insure a smooth transition with current clients. Buyer will need an active California Real Estate Broker’s license.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.