SOLD | Property Management & Sales Office|

This well- established coastal real estate services company generates over $140,000/year earnings (SDE). Property management, vacation rental and sales services are provided within the greater Santa Cruz County area. Exceptional customer service has created year over year growth in property management income ($185,000/year). Property sales income varies year over year (from $100,000/year to over $300,000/year). Financial performance is driven more from referred business rather than focused advertising.

Due to the owner’s pending retirement, the fulfillment of the high-growth strategy requires adding sales staff and increasing the advertising budget. The seller feels it is best for the new owner to align and resource these growth plans to best-fit the owner’s requirements. The seller will not be selling
the property management accounts of the company as a separate offering. The seller will not consider an earn-out. Buyer has the option to relocate the business or rent the current space.

Business Listing Data Sheet

Business Listing Data Sheet for SOLD  |  Property Management & Sales Office (Filetype: PDF)

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Basic Details

Listing #SB698
BrokerJohn LaMay
Phone408-436-1900
General LocationSanta Cruz County, CA
Price$450,000.00
Revenue$3,750,000.00
Revenue DetailsYearly Average
Adjusted Net/SDE (Seller's Discretionary Earnings)$140,273.00
Adjusted Net/SDE Details2016
Industry
Employees2 FTE & 1 Owner
Business Owned Since2007
Established2007
Reason for SellingRetirement & Relocation Out of State
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