Property Management Business For Sale

Spanish Property Rental and Management Company incorporating both Residential and Commercial Sales.
History:
Established in early 2000 This Company has grown to one of the strongest and best known operations of its kind on the Costa del Sol. The business holds a constant portfolio which includes:
10 Short Term Rental Properties on renewable annual contracts at 600 Euros per year basic fee, in addition with sole exclusivity on renting these properties achieve a commission return of 20%.
It should be noted that 50% of clients taking short term holiday rental return year on year.
Average income from a short term property would be between 160 and 200 Euros per week
107 Long Term Rental Properties, 101 of which are on renewable contracts with several established key clients. In addition the company has at its disposal in excess of 250 long term rental properties throughout the Costa del Sol.
The average long term rental yearly equates to 300 two thirds of which are direct in-house the others via associate agencies on a shared commission basis.
Most long term rentals are for an 11 month period with average commission being 1000 Euros but, on many luxury villas it can be as high as 4000 Euros.
The great advantage of long term rentals is the fact that once the tenants vacate the property it normally comes back on line thus giving the Company a steadily expanding portfolio.
Residential Sales:
The Company has a small but rapidly growing residential sales department achieving only 10 sales in the past year but this contributed greatly to the net profit this area is gaining in strength.
Commercial Sales:
This is an important part of the overall business with a huge input to the net profit yearly T/O and profits will be made available but are considerable.
The Company owns three web sites dedicated to Rentals, Residential and Commercials.
In addition they are members of a Multi Listing Network which gives instant access to over 20,000 properties.
Office premises are large and well equipped plus located in prime location in the main tourist centre of a major year around Costa del Sol resort.
Fixtures and fittings include:
6: Office desks and chairs.
1: Dedicated PC server.
2: Work stations.
2: Lap tops.
1: Laser printer.
1: Ink Jet printer.
2: Digital cameras.
Various customer chairs, display areas, external signs, filing cabinets, fridge etc.
Lease is on a three years, fully renewable contract at 9,180 Euros per year.
Staff:
The Company is run by the two Directors, three full time staff and three part time staff.
Of the staff members only one is salaried the others working on commission only base.
Full accounts are available showing annual profits that more than justify the asking price of this highly successful business, these can be inspected and verified only to registered clients and only after a personal introduction the Principles.
The Company Partners are happy to spend time with new owners introducing them to all owners and tenants plus local established associate companies this in order to make the transition as smooth as possible.
Business offered at 180,00 Euros.