NEW YORK, New York
| Asking Price |
$1,500,000 |
Year Established |
1995 |
|
| Annual Revenue |
$2,300,000 |
Reason for Selling |
retirement |
|
| Annual P/L |
$695,000 |
Attention |
Dan Lipschultz |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019198 |
|
| # of Employees |
8 |
Business Category |
Commercial Real Estate: Multi-Family |
|
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.
Property Features and Assets:
<p>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.<br></p>
Market Competition and Expansion:
<p>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.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity