$1,400,000.00
Asking Price
Address: San Jose, 95101.
Status: Active
Posting ID: 285927
4/1/24
Description
Don’t miss this unique opportunity to own a turn-key property management company! Established in 2012, with 12 years under its belt, the Company has succeeded in building a solid and steady portfolio of over 300 doors across over 150 properties. The Company’s diverse portfolio includes small apartment buildings, unique multi-family properties, single-family homes, and condominiums. The Company does not engage in short-term rentals, vacation rentals, or HOA management. The fees charged range from 6 to 8 percent.
The Company has averaged 30% growth year over year since inception, with the greatest growth of approximately a 37% increase in doors and a 101% increase in revenue from FYE 2019 to FYE 2023. Without advertising.
However, the Principals are selective about all those the Company works with; from like-minded property owners who understand the value of proactive property maintenance and positive tenant relationships, to vendors and staff, resulting in a slightly reduced rate of growth.
A solid team of three DRE licensed agents who have made property management their career, as well as one administrative assistant, round out the team.
The area is known for its solid, stable rental market, which historically remains steady and strong, even when other nearby areas are shaky.
Prospective buyers are required to have an active CA DRE Broker’s License. It’s highly recommended that prospective buyers also own an existing property management company and/or have extensive experience working in the CA property management industry.
Don't miss out on the chance to acquire a thriving property management company with ongoing potential for growth. Take the next step in your real estate journey and become the proud owner of this diverse and well-managed portfolio.
NDA is required to secure a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information:
Facilities: Operations are based in a centrally located building with 1,140 square feet of space under a lease that expires at the end of January 2028. Rent is $1,425 (year 1) to $1,572 (year 5) - triple on a Net Lease. The average is approximately $1,800-1,900/month.
Competition: Rapid growth over the last year proves that communication is indeed key. That other companies in the area fail to respond to calls and emails is why they do so well.
Growth & Expansion: Buyers who want to propel growth beyond the 20+ percent obtained annually can launch an advertising campaign, offer incentives, and attend industry mixers to get to know other local real estate professionals. The principals have purposely been particular about the quality of clients they have worked with. With more resources (or staff) a Seller may reduce the number of inquiries declined (without lowering standards) or consider expanding services to other communities in the County.
Financing: TBD if the deal structure and terms are acceptable.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer directly as needed for 4 weeks and potentially further in an advisory role as negotiated.
Reason for Selling: The partners see longevity and growth as being best under a new owner or larger organization with more resources.
To get more information about this Property Management Company - High Net business for sale in San Jose 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 #285927 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Property Management Company - High Net, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Details
Asking Price: $1,400,000.00
Down: Call/Email
Cash Flow: $425,000.00
Revenue: $825,000.00
Area: San Jose
City: San Jose
Attributes:
My Notes About This Listing
Cash flow
$60,000
Revenue
$200,000
Down
$250,000
Posting: 285036 | Available | 4/24/24
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For sale are two bagel and sandwich shops that are available. They are in excellent commercial areas that have a hospital and residents that are high and middle-income. 2022 Year to Date made approximately $3 Million / Pandemic approximately $2.7 million plus 2020.
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Down
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$120,000
Revenue
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Cash flow
$400,000
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$1,495,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 284472 | Available | 4/24/24
This is an exceptional restaurant & banquet facility for sale! This is a full-service banquet facility with ABC Type 47 liquor license & ABC Type 58 for catering. They have a seating capacity of over 360. There is vast parking space for guests and it is easily accessible from major freeways.
Asking Price
$4,500,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 279812 | Available | 4/28/24
This well-established award-winning Agency has been serving the Wilmington area since 1986. The office is located between several major cities on the East Coast and has a diverse population of many rich cultures and communities.
Asking Price
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Cash flow
Call/Email
Revenue
$525,000
Down
Call/Email
Posting: 285786 | Available | 4/26/24
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Asking Price
$245,000
Cash flow
Call/Email
Revenue
Call/Email
Down
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Posting: 285062 | Available | 4/26/24
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Asking Price
$350,000
Cash flow
N/A
Revenue
N/A
Down
$139,000
Posting: 285773 | Available | 4/26/24
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Asking Price
$139,000
Cash flow
$165,794
Revenue
$1,284,252
Down
Call/Email
Posting: 280760 | Available | 4/29/24
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Asking Price
Call/Email
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 278808 | Available | 4/28/24
The established 2-year agency is located in a desirable location. This 2.1 million earned premium agency is consistent with a preferred auto/homeowner customer base with an excellent opportunity for growth in cross sales as well as life/financial services.
Asking Price
$511,450
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285867 | Available | 4/26/24
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Asking Price
$175,000
Cash flow
$200,000
Revenue
$1,012,000
Down
$750,000
Posting: 284802 | Available | 4/23/24
These are nine FedEx home & ground delivery routes for sale for $750,000. Currently grossing $1,012,000+ and has an estimated adjusted cash flow of $200,000+ per year. Includes 11 FedEx delivery vehicles worth an estimated $368,000 and 10 employees (FT & PT) in place.
Asking Price
$750,000
Cash flow
$250,143
Revenue
$1,484,585
Down
$330,000
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Asking Price
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Cash flow
Call/Email
Revenue
Call/Email
Down
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Posting: 285604 | Available | 4/28/24
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Asking Price
$375,000
Total Investment
$69,000
Min Liquid Cash
$59,000
Net Worth
N/A
Posting: 285583 | Available | 4/28/24
Own your very own Quick Mart convenience store. It is better than a 7-Eleven and Circle K. There are no monthly fees and no franchise fees, just a one-time payment of $99,999. Training to run your store usually takes just 3 days. Business opportunity fee: $20,000 included in $99K.
Franchise Fee
$0
Total Investment
$543,000
Min Liquid Cash
$200,000
Net Worth
$200,000
Posting: 284007 | Available | 4/24/24
Take a BITE out of the pet care industry with five key revenue drivers in one modern facility! Founded in 2009 by a visionary who had spent years in research and planning for an all-inclusive dog care facility, The Dog Stop, has now developed throughout 21 states.
Franchise Fee
$49,500
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285056 | Available | 4/25/24
Experience the epitome of elegance and refinement at our renowned establishment, where breathtaking views, exquisite dining, and a romantic ambiance converge to create an unparalleled dining experience. It is recognized as the Inland Empire's premier destination for romance and ambiance.
Asking Price
$2,500,000
Cash flow
$1,000,000
Revenue
$9,000,000
Down
Call / Email
Posting: 278933 | Available | 4/26/24
Earthwork construction company - grading, asphalt paving for renovation & new construction projects, plus asphalt & concrete repairs and maintenance for recurring commercial & public customers. 30 skilled employees with capable non-owner management. Extensive equipment & vehicles. 37-year history.
Asking Price
$4,995,000
Cash flow
$379,511
Revenue
$1,556,447
Down
$1,125,000
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Asking Price
$1,125,000
Cash flow
$379,489
Revenue
$2,897,957
Down
$79,000
Posting: 281198 | Available | 4/29/24
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Asking Price
$799,000
Cash flow
300,000 plus
Revenue
$730,720
Down
Call / Email
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Asking Price
$899,000
Cash flow
$180,000
Revenue
Call / Email
Down
Cash
Posting: 248011 | Available | 4/23/24
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Asking Price
$450,000
Cash flow
N/A
Revenue
N/A
Down
Call/Email
Posting: 285637 | Available | 4/24/24
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Asking Price
$399,999
Cash flow
$200,000
Revenue
$1,046,000
Down
$181,250
Posting: 284627 | Available | 4/23/24
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Asking Price
$725,000
Cash flow
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 285746 | Available | 4/26/24
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Asking Price
$125,000
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