Asking Price: $550,000

Gross Revenue: $818,900

Cash Flow: $254,340

FF&E: $25,000 (Included in Asking Price)

Seller Financing: Would consider w/min. 30% down and $30,000 to $50,000 working capital.

Profits growing $50,000 over prior year. Semi-retire in style at the beach with your own property management business and brokerage company. This is one of the more well-established condo management businesses on the Barrier Islands on Florida's west coast. It leases just over 100 units for absentee owners. Commissions are a healthy 20% of rental revenues. With worry-free service to the owners, they rarely change rental companies. Then, when they decide to sell, the brokerage company steps in to perform that service. Seller works only about 25
hours per week himself and does none of the residential brokerage. Doing so could represent a significant upside for a broker qualified buyer.
Or, you do not even have to be a real estate broker. Vacation rentals fall under the hotel and motel criteria and the brokerage company has its
own broker in place. The business has significant repeat business as verified by strong pre-bookings for 2008 and 2009.

Year Established: 1978

Employees: 9 full time -

Facilities: 2,000 s.f. office leased at $18 per foot

Market Outlook and Competition: While competition exists, customers tend to stay long term given good service. Company is very well established with a strong reputation

Management Training and Support: 30 days at no cost

Reason For Selling: More personal time as well as to help family members