Profitable Property Management Company in San Diego County

This listing presents a profitable and long-established property management company located in San Diego County, California. Founded in 1984, the business has built a strong reputation by specializing in Homeowner Associations (HOAs). The current portfolio comprises 34 residential complexes and 1 business condo complex. The company enjoys numerous word-of-mouth referrals due to its excellent reputation and competitive, below-market fees. There is significant growth potential, with four additional associations having requested quotes for services. The business is well-suited for acquisition by an existing management company, offering an easily integrated portfolio. The sellers are retiring and will provide comprehensive training and support for six months during the transition to ensure minimal client attrition. One owner is open to staying on post-sale. Financials indicate a gross revenue of $389,640 and a total adjusted net income of $138,342, with an asking price of $455,000. Furniture, fixtures, and equipment are valued at $7,500.