Purchasing Property Management Company

[Miles Clark]

I’m currently interested in buying a property management company in California.(Partnership with a Broker)

I have a meeting with the current owner set up and I am curious on questions I should ask.

Currently they have 115 doors that they manage. 4 employees(2 are willing to stay) gross income last year was around 180,000$. I plan to go over their numbers at the meeting.. 

Asking price is $115,000 at 3-6% on a 10year that they are willing to carry.

Any suggestions or thoughts please let me know. Thank you