Highly profitable property management business

Las Vegas, Nevada

Business Summary: For SALE. Established and ready to go Property Management and Real Estate Brokerage. The business oversees approximately 250 individual rental properties with 80-90 owners. The rapidly growing portfolio generates around $620K in combined revenue and 460K in net profit primarily from recurring revenue streams. The operations are automated, technologically driven, and efficiently streamlined, resulting in low overhead. The sellers are willing to provide extensive training and resources for a smooth transition, and are willing to collaborate further and offer ongoing advisory support to a genuine buyer. Interested buyers must sign a confidentiality agreement, provide proof of funds, and obtain seller approval. For a prompt response, please contact listing brokers or use the email provided with this ad. For quick response to your inquiry, please call listing broker George Karas (RE# S.0173285; Business Broker Permit# BUSB.0006847) at 702-290-9120 or [email protected] or Kathleen Nichols (RE# S.0186077; Business Broker Permit# BUSB.0007013) at 702-461-9057 or [email protected].
Year Business was Established: 2018
Number of Employees: 2FT
Facilities / Terms of Lease: This is a leased location of 500 square feet with a Total monthly rent of $1,650. Lease ends 05/2024. Seller is active with 2FT employees. Hours of operation are 9-5. Other Assets include computers and other $10,000. RE and Property Management license required.
Owner willing to finance: 18 months @ 6%
Owner willing to train: 3 months
Reason for selling: Moving