Listing Number: 1110202-224186
Description
This explosively successful property management business manages over 200 units of mostly single-family residential homes and a few 4-unit properties on behalf of property owners near Cahokia IL and the Metro St. Louis area. 3 Full-time Support staff in place to assist in day-to-day operations with a fair lease rate in place of $850 per month for office space. The current owner works 40 hours per week in this business, but with improvements a new owner could reduce this to be absentee owned with proper management. Clean books and records with minimal addbacks. In-house maintenance staff in place, with existing relationships with additional vendors so that turn-key relationships are in place. The new owner is willing to train a new purchaser for up to 4 months to ensure a smooth transition and is even willing to seller finance over 40% of the business to a qualified purchaser.
For more information, Contact the listing agent Billy Roland with Transworld Business Advisors at 636-400-5404 billyr@tworld.com or our office 636-400-6100 stlwest@tworld.com and ask about listing number:
Listing Details
- Price: $ 269,500
- Down Payment: $150,000
- Sellers Discretionary Earnings: $ 40,336
- Total Sales: $ 1,886,213
- Location: St. Clair County, Illinois
- Inventory: $ 0
- FF&E: $ 3,000
- Employees: 3
- Year Established: 2021
- Reason for Selling: Owner currently operates multiple other businesses.
- Category: Real Estate Related
