#1332 HOA and condo management company

FL

#1332 HOA and condo management company

Asking Price:$2,100,000

Cash Flow:$488,403

Gross Revenue:$2,841,481

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$2,500,000*

Established:N/A

*not included in asking price.

#1332 HOA and condo management company

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Business Description

#1332 HOA and condo management company
Coastal Southeast US
Price: business 2,100,000 / real estate 2,500,000
Cash flow: $488,403
Rev.: $2,841,481

This licensed association management company is based out of the Coastal Southeast United States. The 2016 annualized contract revenue forecast is in excess of $3,350,000 and 2016 EBITDA plus owners compensation is traveling above $680,000.00. The company specializes in the management of condominium and homeowners associations. They have developed long lasting relationships with their client base who are the board of directors of each association, and also have strong and beneficial relationships with services contractors, which increases value for their customers.

The company services HOA and Condo associations with contracts for 160 plus communities representing over 14,000 units. The company ensures that each client account is properly managed providing financial, physical and administrative management services. One of the company’s greatest strengths is their solid reputation and name recognition throughout the multiple counties where they serve.

The company’s executive team and portfolio managers are licensed CAMS. The entire team prides themselves in attention to detail, excellent customer service, and quick response time. This company and its employees strive to exemplify trust, honesty, and to build relationships with all of their clients, which has helped them become the top Association Management Company in the area for the past 5 years.

The available building is priced at $2,500,000. This is a multi-tenant building with the company occupying over 50% of it. The annual gross rent revenue is $183,800 with a 3% annual increase. All leases are triple net at fair market rate.

This company has growing revenues, high profit margins, consistent cash flow, seasoned employees, and an outstanding reputation within their community.

For more information on this listing, contact Larry Lawson at (704)676-0940 or at lawson@vikingmerger.com

Detailed Information

Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Facilities:
The available building is priced at $2,500,000. This is a multi-tenant building with the company occupying over 50% of it. The annual gross rent revenue is $183,800 with a 3% annual increase. All leases are triple net at fair market rate.

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Larry Lawson

Business Listed By:
Larry Lawson

Viking Mergers & Acquisitions

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Sponsoring Broker:
Jay Offerdahl

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