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Businesses For Sale   >>   Texas Businesses For Sale Categories   >>   

Established Apartment Locating Company

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $400000
Net Profit / Cash Flow  $400000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1971
Number of Employees  10 - 19
Inventory  20000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Reason for Sale  Retiring
Description  Well Established, since 1971, Apartment Locating Company with 2 offices. I own 50% and my partner owns the other 50%. I am selling my half. I have owned 50% of an Apartment Locating company with 2 offices for 17 years now. My responsibilities are done from my house and take only about an hour/day average and maybe 5 hours per month on payroll. From 1998 thru 2013, my half of profits (distributions) has been $1,058,000 or $81,384 average per year with the recent bad economy, this average has dropped to $48,000 over last 3 years but the potential is definitely still there to get back to higher numbers. Entire company $200k or buy just my half $90k (Will owner finance with $25k down)
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