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Gulf Coast Property Management & Real Estate Sales For Sale

Gulf Coast, Alabama
Asking Price:
$269,000 (USD) Furniture / Fixtures included
Sales Revenue:
$133,000 (USD)
Cash Flow:
$100,000 (USD)

This Realty and Property Management business has been established for 9-years and has shown excellent growth in this short period, The new location will make this business more visible and they are getting walk-in prospects that they never got in the previous location.

This established Real Estate Business has 9-agents that include the qualifying broker and the 2-owners and all would like to stay with the new owner. All employees are independent contractors.
This successful office has plenty of active listings and presently have 45 active properties listed for sale and are showing strong sales every month. In 2018 the business sold 65 properties with over $25 million in sales. In 2019 this company was ranked number 39 out of 269 real estate offices in the Baldwin County.
They have a very active and profitable property management side with 16 short term rentals and 9 long term rentals. In January of 2019 they just added a new RV resort condo facility and all sales and property management activities are exclusive to this business, they now have added 30 short-term rental units in the system. The business just purchased a specialized property management software program to handle the new business and this will allow them to continue to grow even more. All of this is in the fastest growing county in Alabama and all along this Gulf Coast resort area.
The business recently acquired new space and is in the process of expanding, this new location is very visible on the main beach highway with a reported 30,000 vehicles a day driving buy. This will give them more room for offices plus more services can be added. The owner just spent $60,000 in renovations for this move.
The sellers would like to stay and work as active agents for a new owner; both are just ready to slow down and work at a reduced pace. Personal financial statement required; this does not include any Real Estate and does not qualify for co-broker.
Price to sell fast and great opportunity to live and work in a Gulf Coast paradise.

Property information

Real Estate:

Lease

Premises Details:

3500.00

Size in square feet:
4000 sq ft

Business Operation

Reasons for selling:

Semi-Retirement

Trading hours:

Days: Monday-Friday, Hours: 9:00-4:00

Employees:
Full Time: 8
Years established:
9

Other Information

Support & training:

Seller will negotiate a transition period

Financing available:

Downpayment Required: ON REQUEST
Financing is Available

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price

Contact Information

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