Service Business In Real Estate Sector
Location:
United States
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Dist. of Columbia
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Washington
Industry: Business Services > Other Services
Business Summary
The Company is an innovative real estate rental services company offering a unique system to facilitate apartment rentals for major building management companies and private owners.It provides a much needed menu of services to major Real Estate Management clients and numerous private single and multi-unit apartment owners. For ALL clients, TPAC provides an efficient acquisition of renters at a rate not available with any other real estate program. Client services range from developing renter interest, to establishing solid appointments for an in-person renter review of the facilities and the viewing of the specific unit. For Company clients that require a full or modified menu of services, TPAC can provide one or more services ranging from advertising, renter qualification, showing of the facility, ''on-site leasing'', running credit checks and preparation of leases and acceptance of deposits.
The Company is currently seeking to grow its prototype operations with a national rollout that can quickly leverage the prototype concept by the establishment of ten Metropolitan area offices. Company management believes the ultimate national market is comprised of 60 SMA (Standard Metropolitan Areas). Further funding will support a four year roll out of 25 offices.
The Market:
The Census Bureau reports of 2003 indicate that the total occupied housing units in the United States equaled 108,419,506 million units. Of this number, RENTER occupied housing units in the United States is reported at 36,000,844 million total units. Further statistics of the same report indicate that of the total RENTER universe, nearly one third or 11,880,279 million RENTERS moved in 2003. A yield of $700.00 dollars in commissions per RENTER transaction creates a very lucrative National business.
Contact for more information on this Real Estate Service business for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$890,000
Cash Flow:
$230,000
Cash Flow Type: EBITDA
Seller Financing: No
About The Business
Year Established: 2002
Number of Employees: 10 - 19
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
Property: Property For Not Applicable
About The Sale
Management Training and Support: Yes at headquarters.
Reason For Selling: Expansion.
Click on the "I'm Interested" button above for more information on this Business Services > Other Services business for sale.
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Print Listing Id: 70030365
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