Property Management & Remodeling Business For Sale

Business description

This highly profitable company is a full service property management, remodeling and construction company located in one of the Southeast's premier resorts. Revenues and profits have increased in each year of operation and with almost $500,000 in approved contracts beginning and another approximately $400,000 in open bids expected to turn into contracts, and revenues in '09 are projected to grow another 25%. The customer pool consists mainly of professionals and business executives that have not been as adversely affected as the general customer base for this industry during the current economic downturn. In fact, this company's revenues increased strongly in '08 as did their profitability, and this company has never written off a bad debt.

Property information

Location:

The lease office is located on one of South Carolina's barrier islands within the gate of the resort.

Other information

Expansion potential:

This resort market has a great opportunity for growth. The company has not only been able to maintain its revenues but has been able to substantially grow them during this recent economic down turn. The company's customer pool has not been impacted to the same degree as the general market. This coupled with the fact that the average home in this resort market is 10 to 15 years old and must be updated and maintained to keep maximum rental returns for the property owners.

Competition / Market:

The company is located in a resort market with a unique customer pool that consists mainly of professionals and executives. These customers are used to a level of service and communication that many "pick-up truck contractors" and part-time property manager do not have the experience to provide. There are several property management companies that have partnered with contractors and contractors that occasionally manage homes but none were specifically designed and built to be full service.

Support & training:

The highly experienced, trained, and licensed owners will provide 30 days of training as well as ongoing operational support on a negotiated basis.

Reasons for selling:

The owners need to devote their time on their next non-competitive venture.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Competitive terms for a qualified buyer.

Furniture / Fixtures value:

$10,000 (included in the asking price)