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Property Managment Company - New Haven County

New Haven, Connecticut

Services - Other Business Services | Services - Other Miscellaneous services

Asking Price $220,000 Inventory  
Gross Income $375,000 Real Estate  
Cash Flow $85,000 Year Established 1980
FF&E $10,000* Employees 5

* included in the asking price

** not included in the asking price

Well established property management company that specializes in the management of residential condominium complexes. Responsible for hiring contractors for lawn & snow maintenance. Also hires contractors for repairs to individual condo units as well as the buildings themselves. This company does not performa any of the repairs themselves- simply sub-contracts them out. Property Managment company also is responsible for the issuance of Condo resale packages to prospective buyers of Condo units. Buyer to assume leases on phones, copier and postage machine. Net Proceds to Owner in 2007 was $85,000 EBITDA.

Facilities: Leased office space

Competition: This company has an excellent representation, all new accounts are by word of mouth recomendations.

Growth/Expansion: Add more complexes, add maintenance services

Support/Training: Owner will provide for a smooth transition

Reason Selling: Ownwer Wants to Semi-Retire

AD # 385771

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