Sucessful Northern Ontario Property Management

Not Disclosed, Ontario

Asking Price: Annual Revenue:
$350,000 $941,099

Services: Professional

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RE: Sucessful Northern Ontario Property Management Broker: Gordon Schofield

Quick Facts

Asking Price: $350,000
Annual Revenue: $941,099
Net Profit: Not Disclosed
Cash Flow: $98,917
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 13
BBN Listing #: 78244955
Broker Reference #: 9105-13888

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Business Overview:

This successful profitable Northern Ontario Property Management company has a wide variety of clients and a reputation for honest, reliable service. Clients include owners of commercial and residential buildings plus individual locations.The core team of full-time employees includes a GM (retiring) an office manager plus administrative, maintenance/repair and cleaning staff. An additional team of part-time staff are scheduled as required. Customers pay both a monthly management fee and additional fees for specific maintenance and tenant management services.

The company has excellent growth potential. This business would suit an owner/operator who wanted manage the current business and take advantage of growth opportunities. Alternatively, a buyer with a new GM would be equally effective.The seller will consider partial VTB financing at the listing price for a qualified purchaser.

Please Note: The Seller's Discretionary Earnings shown for 2017 is after the GM was paid $52,500 in partial year salary but before GM and Owner dividends in 2017. So 2017 SDE before any GM/Owner salary compensation was $160K. Total GM compensation for 2018 was budgeted at $70,000 plus $40,000 in GM/Owner dividends.

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Property Features and Assets:

The company operates out of a rented office facility. Assets=$104,381

Market Competition and Expansion:

Excellent opportunity for growth. There is high demand for these services.

Reason for Selling:


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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