Technology-Forward WI Property Management Firm

Milwaukee, WI
Milwaukee County

Greater Milwaukee metro area


Asking Price: Annual Revenue:
$549,999 $280,000

Services: Real Estate


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RE: Technology-Forward WI Property Management Firm Broker: Steve Boylan
License #: B450-7906-0139-05

Quick Facts

Asking Price: $549,999
Annual Revenue: $280,000
Net Profit: Not Disclosed
Cash Flow: $127,000
Total Debt: $276,000
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 929860008
Broker Reference #: C2345

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Business Overview:

Business Overview

Operating profitably for more than a decade, this business is a leader in the professional management of condominiums and homeowners associations in southeastern Wisconsin. Services include association governance, business and financial services, community engagement and communications, multiple online association and administrative tools, and full property management. The staff is comprised of certified professionals, and services are based on best practices within the homeowners associations industry. Business in this sector is plentiful, and the current owners are currently turning away potential clients because they have refrained from hiring additional headcount to accommodate additional business.

Investment Highlights

• Established company with strong, positive industry reputation and loyal customer base
• Recurring revenue model with reliable referral business
• Sophisticated digital technology for both client-facing and internal administrative functions
• Maintenance is currently outsourced; could be revenue source with addition of maintenance person
• Plenty of leverage for growth in the business with additional employees to service more properties
• Developing a realty group would catapult revenues and net income
• Accounts payable is ZERO as the business gets paid immediately from dues collected

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Property Features and Assets:

Leased space that houses business office.

Market Competition and Expansion:

Business in this sector is plentiful; current owners are presently turning away potential clients because they have refrained from hiring additional headcount to accommodate additional business. • Plenty of leverage for growth with additional headcount to service more properties • Maintenance is currently outsourced; could be revenue source with addition of a maintenance person • Developing a realty group would catapult revenues and net income.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is not 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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