773.243.1603
773.243.1603
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Listing ID:3N785

Sold – Chicago Property Management Firm

Sold

This property management firm is one of the leading providers of association management services in Chicago’s suburbs. The business has a twenty-year history of growth and profitability.

The managed sixty associations comprised of approximately 5,700 units. The focus is on condominiums and townhomes though they do work with a handful of single-family home associations. There is a staff of sixteen plus three seasonal workers.

The business has an excellent reputation for customer service, which has resulted in excellent retention of associations. The staff is well trained with years of experience in financial management and property maintenance.

Transcation Details

  • Location

    USA, Chicago Northwest Suburbs, Illinois

  • Results

    254 Inquiries
    33 Showings
    8 Offers

  • ESTABLISHED IN

  • Real estate Included

  • Full-Time Employees

  • Franchise

  • Industry

    Real Estate

  • Reason for Selling

  • Inventory Included

  • Part-Time Employees

  • Business

    Sold – Chicago Property Management Firm

  • Acquirer

    Investor

  • Annual Revenue

    $1,224,388

  • Annual Cash Flow

    $221,567

  • Seller Financing

  • SBA Financing

  • Listing Price

    $575,000

  • Acquisition Highlights

    o Twenty year history of profits and growth

    o Excellent record of retention of associations

    o One and two year contracts with over 60 associations in place

    o Trained, knowledgeable employees

    o Standardized procedures and systems make for an easy transition