Property Management Firm in Wisconsin Offers Acquisition
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Asking Price
$3,100,000
Detailed Information
Business Description
This established property management firm in Milwaukee & Kenosha, Wisconsin, specializes in servicing multi-family housing/apartments, single-family homes, and commercial properties primarily owned by property investors. The team includes a controller, two senior VPs, a superintendent, property managers, maintenance staff, and an office administrator. While the owner oversees operations and enjoys site sourcing, the staff manages day-to-day responsibilities. The owner is offering up to 25% equity and a 4-5-year transition period to ensure a smooth handover to a strategic buyer with business acumen. The acquisition, priced at $3,100,000, includes $450K in assets such as company vehicles, deposits, and accounts receivable. The acquisition presents a lucrative opportunity for a qualified buyer with a 10% down payment, preapproved loan options from two banks, and potential returns reaching $366,402 in the first year post-debt payments—a whopping 118% ROI. The business boasts a healthy 35