North Central NH Property Management Company

Confidential, NH

Asking Price: Annual Revenue:
$319,900 $447,126

Services: Real Estate

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RE: North Central NH Property Management Company Broker: Jay Polimeno
Owner Financing is Available!

Quick Facts

Asking Price: $319,900
Annual Revenue: $447,126
Net Profit: Not Disclosed
Cash Flow: $126,319
Total Debt: Not Disclosed
FF&E: $117,500
Real Estate: Not Disclosed
Year Established: 1989
Employees: 4
BBN Listing #: 879051863
Broker Reference #: NEWHAMP001-N34

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Business Overview:

This is a condominium association management and maintenance business started in 1989 by the current owner. The company started out by managing one condominium association, from which they’ve enjoyed solid and consistent growth over the years. The company is currently managing 26 separate association properties. They provide maintenance services as well as administrative management services to most of their association clients. They also provide maintenance services to private homes, businesses, and schools in their geographic area, which exists within a 40-mile radius of their location on the border of the Lakes Region and White Mountains regions of New Hampshire. The business offers full management services, landscaping, pool maintenance, plumbing, carpentry, and snow removal. Management fees represent 39% of revenues with maintenance fees representing 59% of revenues. The area’s population base includes both locals and visitors alike as its location is convenient all of the four-season recreational opportunities the area features This favorable geographic benefit creates the perfect base of business for a property management companies as the availability of vacation properties including condominiums, planned use developments, stand- alone second homes, investment properties, rental properties, and service-based businesses is bountiful. Challenges for the business have been maintaining quality employees in a tight labor market and creating the ability to grow by taking on more competent employees. For the most part, the company has never actively marketed its services, and although they do have a minimal online presence, they rely on word of mouth and referrals to build its stable of clients. The property management business model is pretty much recession proof as established condominium associations, private second homes, and service businesses will always need to be managed, regardless of economic fluctuations.

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Reason for Selling:

The owner has been running the business for over 30 years and is ready to retire. He is ready to pass the business on to the next generation of energetic, visionary owners who can enjoy the benefits of a very successful business but also be able to take the business to the next level.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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