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- RE: Residential Property Management Business
- Contact: Dan Lipschultz
Quick Facts
| Asking Price: | $1,500,000 | |
| Annual Revenue: | $2,300,000 | |
| Net Profit: | $695,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 8 | |
| BBN Listing #: | 1019198 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Residential property management company serving homeowner and condominium associations across aconcentrated set of submarkets in a major Northeast metro area. The company manages common-area operations, maintenance,and vendor relationships on behalf of its association clients, with an average engagement size of roughly 125 to 150 units.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
Real estate owned personally by the shareholders is held in a separate entity and is notincluded in this opportunity, and no management fee has ever been charged on those assets.
Market Competition and Expansion:
Revenue and EBITDA have been consistent year over year, with the most recent year running slightly higher than prior periods.Ownership notes that certain prior years benefited from one-time pandemic-era relief funds that are not part of the recurringbaseline. Capital project fee income can vary year to year depending on the scope and timing of client renovation work.
Reason for Selling:
retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New York businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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