Business For Sale

Successful Property Management Business in Ontario

Ontario, Ontario

Northern Ontario

Asking Price: Annual Revenue:
$375,000 $771,449

Services: Professional

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RE: Successful Property Management Business in Ontario Broker: Gordon Schofield

Quick Facts

Asking Price: $375,000
Annual Revenue: $771,449
Net Profit: Not Disclosed
Cash Flow: $106,865
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 13
BBN Listing #: 19424955
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 VTB financing at the listing price for a qualified purchaser.
Note 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 is 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.

Market Competition and Expansion:

Few competitors with a high quality reputation serving this client base in this geography. Excellent opportunity for growth. There is high demand for these services.

Reason for Selling:

The owner is retiring.

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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