Business Overview

This profitable property management business includes 10+ building contracts with properties from the northside of Chicago to the west and south suburbs. Both commercial and residential properties come with this management portfolio. Leasing and project management come with over 200+ units and longer term contracts. The ideal candidate for this business already has some background in real estate as real estate transactions could be part of this business as well or could be hired out. Inquire within for more details!

Financial

  • Asking Price: $399,900
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

other business ventures

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nonetheless, the real reason vs the one they tell you might be 2 entirely different things. As an example, they might state "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is really crucial that you not count absolutely on a vendor's word, yet instead, utilize the seller's solution in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new clients? Most times, companies have repeat customers, which form the core of their daily profits. Certain variables such as brand-new competitors sprouting up around the location, road building, as well as staff turn over can affect repeat clients and adversely impact future incomes. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the chance to construct a returning customer base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Just how might the regional typical home earnings influence future income prospects?