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Great Property Management Company for Sale in Colorado

Reference #: 420209032
Location: Colorado
Price: $675,000
Amount Down: $287,500
Revenues: $1,440,696
Discretionary Earnings: $182,757
Total Assets: $45,000
Business Description:

This property management company has approximately 85 long term and 95 vacation rental properties and 5 homeowner associations consisting of 182 units.  They have been in business for 25 years, and are very respected throughout Colorado.  Great area for ski season, and even better for summer season rentals.  They are 20 minutes from the mountain that gets the best snow in Colorado, which makes it every persons dream place to be, for a vacation or for a permanent residence!  Many of the residents of the area cite access to recreation as one of the prime reasons for choosing to live here, where outdoor recreation is truly a year-round activity (activities range from skiing, snowmobiling, ice skating, fishing, rafting, kayaking, hiking, mountain biking, camping, and horseback riding).  They also manage 3 storage yards having 155 units and 17 small offices.  The current owners have owned the business for about seven years and have had substantially increased their business. Their reputation is proven through receiving almost all Realtor referrals and having a 65% repeat business on vacation rentals.  Although this company currently is doing well, there is an opportunity to expand into the commercial property management as well as the real estate (has one staff member who has recently obtained brokers license).  This property management company has obtained a very well trained staff.  The current owner is hopeful that they would stay on with a change of ownership.  Owner would be willing to stay on part time for a year with a salary.  If you are looking to get into property management and have always dreamed about living in Colorado, this is an opportunity you do not want to pass up!


 


 

 


   

 


     

 


       

 


         

 


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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.