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Business For Sale
PROPERTY MANAGEMENT COMPANY - CONDO COMPLEXES
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Asking Price: |
$225,000
USD USA Dollars
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Business for Sale Industry: |
Services: Real Estate
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Reason for Selling:
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Semi-retirement |
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Year Established:
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1980 |
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# of Employees:
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5 |
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Yearly Revenues:
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$377,000 |
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Yearly Cash Flow:
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$85,000 |
Business for Sale Overview:
Property Management company that specializes in the management of residential condominium complexes. Responsible for hiring sub-contractors for landscaping, snow plowing & other exterior maintenance activities. Also issues condo resale packages to prospective buyers of Condo units. Financial results thru June 30th, 2008 show gross revenues of $233,000 in revenue and owner income of $85,000
Property Features and Assets:
Purchase price includes office lease and owned office equipment. Buyer to assume leases on xerox machine, telephone system and postage machine.
Market Competition and Expansion:
There are other condo management companies. This one has a good reputation for service.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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