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Established Property Management Company
Business Description
Business Overview:
This established property management company specializes in the management and accounting services for condominium associations. With a portfolio of 32 active condo associations under management and an additional 32 for which it provides accounting services, the company has built a strong reputation in its market. The business operates from its own real estate, which is included in the sale. The seller is willing to sell the real estate with the business or without, and will offer a lease option to the buyer if they prefer not to purchase the property.
Key Features:
• Extensive Portfolio: Manages 32 condominium associations and provides accounting services for an additional 32, showcasing a diverse and stable client base.
• Real Estate Flexibility: The sale includes the company's office property, and the seller is open to selling the real estate with the business or offering it on a lease basis, giving the buyer flexibility in how they proceed.
• Established Operations: Founded in 1996, the company has a long-standing presence, with a dedicated team and established operational procedures.
• Comprehensive Services: Offers a full range of property management services, including maintenance coordination, financial reporting, and compliance oversight, ensuring high levels of client satisfaction.
Financial Overview:
• Annual Revenue: $431,000
• Employees: A dedicated team of 6 professionals.
Opportunity Highlights:
• Turnkey Operation: The business is fully operational with established systems, making it an ideal acquisition for buyers seeking a ready-to-run operation.
• Growth Potential: Opportunities exist to expand the client base and enhance service offerings, potentially increasing revenue and market share.
• Strategic Location: Located in a desirable market with a strong real estate presence and a growing demand for property management services.
Confidentiality Notice:
Due to the sensitive nature of this sale, specific details about the business, including its name and identifying information, will be disclosed upon the signing of a Non-Disclosure Agreement (NDA).
This established property management company specializes in the management and accounting services for condominium associations. With a portfolio of 32 active condo associations under management and an additional 32 for which it provides accounting services, the company has built a strong reputation in its market. The business operates from its own real estate, which is included in the sale. The seller is willing to sell the real estate with the business or without, and will offer a lease option to the buyer if they prefer not to purchase the property.
Key Features:
• Extensive Portfolio: Manages 32 condominium associations and provides accounting services for an additional 32, showcasing a diverse and stable client base.
• Real Estate Flexibility: The sale includes the company's office property, and the seller is open to selling the real estate with the business or offering it on a lease basis, giving the buyer flexibility in how they proceed.
• Established Operations: Founded in 1996, the company has a long-standing presence, with a dedicated team and established operational procedures.
• Comprehensive Services: Offers a full range of property management services, including maintenance coordination, financial reporting, and compliance oversight, ensuring high levels of client satisfaction.
Financial Overview:
• Annual Revenue: $431,000
• Employees: A dedicated team of 6 professionals.
Opportunity Highlights:
• Turnkey Operation: The business is fully operational with established systems, making it an ideal acquisition for buyers seeking a ready-to-run operation.
• Growth Potential: Opportunities exist to expand the client base and enhance service offerings, potentially increasing revenue and market share.
• Strategic Location: Located in a desirable market with a strong real estate presence and a growing demand for property management services.
Confidentiality Notice:
Due to the sensitive nature of this sale, specific details about the business, including its name and identifying information, will be disclosed upon the signing of a Non-Disclosure Agreement (NDA).
About the Business
- Years in Operation
- 29
- Number of Employees
- 6
- Facilities & Assets
- The sale includes the company's office property, and the seller is open to selling the real estate with the business or offering it on a lease basis, giving the buyer flexibility in how they proceed.
Property lease terms: 1,988 sq ft, $3,500/mo, expires 09/30/2026 - Market Outlook / Competition
- Located in a desirable market with a strong real estate presence and a growing demand for property management services.
- Opportunities for Growth
- The business has built a strong reputation in its market. Opportunities exist to expand the client base and enhance service offerings, potentially increasing revenue and market share.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller offers 4 weeks of training to aid in the transition.
Listing Info
- ID
- 2401551
- Listing Views
- 513
Listing ID: 2401551 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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