Broward Property Management Firm

Not Disclosed, FL
Broward County

Broward County

Asking Price: Annual Revenue:
$199,750 $87,102

Services: Real Estate

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RE: Broward Property Management Firm Broker: Anton Joro

Quick Facts

Asking Price: $199,750
Annual Revenue: $87,102
Net Profit: Not Disclosed
Cash Flow: $62,493
Total Debt: Not Disclosed
FF&E: $13,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 2
BBN Listing #: 3134955
Broker Reference #: 1043-13855

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Business Overview:

Opportunity to acquire Property Management Company, which provides a wide range of property management services for associations since 2001. This company was able to retain clients on average of 10 years with majority of the contracts having 3 years contracts. Active contracts include three clients, totaling up to 320 Condo/HOA units. Business has excellent growth potential. The company engages an experienced C.P.A. firm for maintaining financial transactions and reporting.

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Property Features and Assets:

The company is leasing a very nice 3-room office space in the heart of Coral Springs with the lease ending in 2019 and option to renew – full office set up is available for a new owner. Current clients are located in Ft Lauderdale, Corals Springs and Boynton Beach. Assets: $13,000

Market Competition and Expansion:

While there are many property management firms in the state of Florida, one will be hard-pressed to find a small personalized company with such attention to detail and excellent client relations like this, which has been in business for eighteen years. The longevity in business and excellent reputation make this property management next to impossible to find. Great potential for growth with numerous existing Condo Associations and HOAs, as well as many being built. Many such clients shy away from big property management companies and prefer small boutique firms because they want to get personalized attention and service. This is a growing niche where this firm shines. A new buyer may capitalize on the strong client base and by utilizing direct mail, referral groups and social media can increase the market share of this firm exponentially.

Reason for Selling:

Looking to retire.

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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