‘Bradenton’s Best’ Property Management Company

Bradenton, FL
listing image
Asking Price:$120,000
Gross Revenue:$36,000
Established Year:2018
Cash Flow:$36,000
EBITDA:$36,000
BUSINESS DESCRIPTION

‘Bradenton’s Best’ - as voted by our clients and peers - boutique property management business offered for sale. Established in 2018, The Company currently manages 16 properties, a mix of residential single-family, condominium and assisted living facilities (ALF). All residential leases are annual, most with solid, long-term tenants. The assisted living facilities are on five-year commercial leases. This business runs smoothly, almost completely digital with little operating expense and stable, predictable cash-flow. Once our properties are leased they tend to remain leased, low-turn over. This business has been a night-and-weekend venture for us and we have been very successful with a limited time investment. There is A TON of opportunity for the right person/s to accelerate growth and turn this business into a market-dominator!


DETAILED INFORMATION
Location
Bradenton, FL
Inventory
Included in asking price
Employees
2
Facilities
Specialized leases, forms and documents. Online property management system. Excellent records, operating and escrow bank accounts. Website, branded social media handles. Established network of property maintenance trades. Multiple 5-year commercial leases with 4 years remaining.
Competition
The market is strong for property management.
Growth & Expansion
Massive growth opportunities. We employ a 1099 Tenant Acquisition Specialist who markets our listings and acquires tenant prospects. For this work he earns a share of our Tenant Acquisition Fee. Acquire your own tenants and this fee that you no longer share adds considerably more to the bottom line, depending on turnover and new listings. Manatee County continues to develop rapidly and there are many property owners in need of property management. Also, short term rental market saturation means more opportunities for annual leasing.
Support & Training
Negotiable.
Reason for Selling
Changing family needs.
Home-Based
This business is Home-Based

BUSINESS LOCATION
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James Adkins
James Adkins