Long-Standing Property Management Company for Sale

Price: $750,000

Location: Washoe County, NV

Industry: Property Management

Listing ID: 1853563

Listing Status: Sold


Established over 40 years ago, this highly successful property management company is for sale. There is no better time than now to step into this line of business. Northern Nevada?s rapid growth in the rental property sector is exploding. A new owner could take this business to the next level, helping the new property owners to succeed. Owners have never advertised ? their work speaks for itself through word-of-mouth from loyal clients. Cash Flow is a 3-year average, which includes annualized projection for Fiscal Year 2020 (9/30-8/31). 2020 revenue is annualized as well. The Business is SBA pre-qualified for a Small Business Administration Loan (SBA 7a Loan). Buyer could purchase with as little as 10% down of the acquisition price. Seller is prepared to finance a portion of the purchase. Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students?and is just a half hour from beautiful Lake Tahoe. From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it?s no wonder that Nevada ranks #3 Most Business-Friendly Tax Climate.


Total Sales: $692,401

Cash Flow: $257,822

FFE: $10,000

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