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50 Year Property Management Company in NC for Sale in Reidsville, NC
| Reference #: |
41848039
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| Location: |
Reidsville, NC
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| Price: |
$140,000 |
| Amount Down: |
$70,000 |
| Revenues: |
$120,000 |
| Discretionary Earnings: |
$66,000 |
| Total Assets: |
$0 |
| Business Description: |
50 years in operation with over 300 rental units under management. The biggest and the best name in this northern NC county of Rockingham: Just north of big-city Greensboro and Guilford County. Markets and leases for property owners, allowing them to maintain anonymity and be hands-off of their income properties. Excellent opportunity for Owner-Operator who can be the Office Manager and the Broker-in-Charge. If Buyer takes on these duties then they can expect to make $66,000/yr. at present revenue. If it is a couple and the husband is a Handyman who can handle minor repairs, like leaky faucets, then net income goes way over $100K. Presently 3 person Office staff: Office Manager, ($30K), (Accountant & Customer Service Asst.: both $8/hr.) The office also has the required BIC, Broker-In-Charge, associated with it who receives $500/mo. No advertising, except word-of-mouth after having been in business for so long. Very steady, dependable professional business. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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