| 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

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