Texas
$1,499,000
Texas
$1,499,000
Myrtle Beach, SC
$75,000
Palm Beach County, FL
$125,000
Brentwood, TN
$1,500,000
Chino, CA
$195,000
Wake County, NC
$1,900,000
Mount Pleasant, TX
$2,280,000
Houghton Lake, MI
$525,000
Jacksonville, FL
$899,000
Clover, SC
$797,230
Available in Multiple Locations
$50,000
Eugene, OR
$4,000,000
Portsmouth, RI
$12,000,000
$1,600,000
Carmel-By-The-Sea, CA
Jacksonville, FL
$2,450,000
Pittsfield, MA
$799,000
Brent CCIM
Metroport Advisors
Serving Lamar County, TX
At Metroport Advisors we brings decades of real world experience in financial analysis, business development, commercial real estate, and business transactions to the table to serve you. eXp Commercial is an international commercial real estate brokerage with brokers in all 50 states.
Philadelphia, PA
$4,450,000
Frostburg, MD
$5,250,000
Suffolk County, NY
$1,300,000
Akron, OH
$5,700,000
Cutler Bay, FL
$3,970,000
Available in Multiple Locations
$100,000
Queens, NY
$1,600,000
Hope, AR
$225,800
$106,000
Plano, TX
Hope, AR
$150,000
Holtsville
$140,000
Scituate, MA
$12,000,000
$75,000
Property management is a $120B industry in the United States. Given the sheer volume of renters, vacation properties, and Airbnb’s, it’s no wonder property management businesses are so prolific, especially in urban areas. As a business, property management is appealing thanks to relatively low overhead and real estate needs, and consistent, recurring revenue. Entry into the market is also difficult, as the real estate owner relationships take a long time to build, making business acquisitions a common occurrence in the property management space.
If you are looking to buy or sell a property management business, it helps to have some context on the market, and to understand how they are valued. Below, we have aggregated financial data from current and recent listings to provide benchmarks on valuation and financial performance of property management businesses listed for sale. All data is based on broker and business owner provided financial information.
Market Overview
Number of Businesses Analyzed |
161 |
Median Asking Price |
$237,250 |
Median Reported Revenue |
$518,255 |
Median Reported Earnings |
$164,298 |
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
Property Management Business Valuation Multiples
Range |
Revenue |
Earnings (SDE) |
Lower Quartile |
0.42 |
1.27 |
Median |
0.56 |
2.07 |
Upper Quartile |
1.37 |
3.31 |
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
Read the Report:
Property Management Business Valuation Multiples and Financial Benchmarks
FAQs
How much does it cost to buy a property management business?
The median asking price for a property management business is approximately $237,250. However, this can vary significantly depending on the size, location, and financial performance of the store.
How much do property management owners earn?
On average, property management business owners report median annual sales of $518,255 and annual owner earnings of $164,298. These figures are based on businesses that have listed their annual revenue and seller's discretionary earnings.
How do I value a property management business?
Valuing a property management business involves considering several factors, including annual revenue, profit margins, and market conditions. Brokers, business owners, and business buyers will typically rely on valuation multiples to gauge business value relative to similar businesses in the market. Property management business revenue/sales multiples range from 0.42 to 1.37, with the median at 0.56. Earnings multiples range from 1.27 to 3.31, with the median at 2.07. These values suggest a typical property management business will sell for around 0.56 times its annual revenue, and 2.07 times its annual owner’s earnings.
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