773.243.1603
773.243.1603
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Listing ID:3N624

Sold – Premier Chicagoland Apartment Locating Company

Sold

Founded in 2005, the company matches management companies and landlords with prospective tenants. Services include finding qualified tenants, showing apartments, and co-coordinating the signing of leases. Their fee is paid by the landlord. The company has developed an enviable reputation for delivering superior service to both the real estate community and to tenants who are attracted to an interactive website. The business had shown excellent growth until the recent economic downturn, and is positioned to resume this growth based on its relationships with real estate management companies, its infrastructure of systems and leasing agents, and its location in an area densely populated with apartment dwellers.

Transcation Details

  • Location

    USA, Chicagoland, Illinois

  • Results

    45 Inquiries
    39 Showings
    4 Offers

  • ESTABLISHED IN

  • Real estate Included

  • Full-Time Employees

  • Franchise

  • Industry

    Real Estate

  • Reason for Selling

  • Inventory Included

  • Part-Time Employees

  • Business

    Sold – Premier Chicagoland Apartment Locating Company

  • Acquirer

    Investor

  • Annual Revenue

    $466,000

  • Annual Cash Flow

    $171,700

  • Seller Financing

  • SBA Financing

  • Listing Price

    $550,000

  • Acquisition Highlights

    – Has superior reputation with major management
    companies and landlords
    – Track record of continuous profitability and cash flow
    – Huge data base of tenant and landlord information
    including 1000’s of apartment photos obtained over years
    – Has approximately 1,500 listings
    – Attractive opportunity for an individual or an existing real estate business seeking growth thru acquisition.