Quality Property Management Professional Service Comp UNDER CONTRACT

Naples, FL (Collier County)

Professional Property Management.
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Asking Price: $295,000

Cash Flow: $136,000

Gross Revenue: $566,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $245,000*

Established: 2008

*not included in asking price.

Quality Property Management Professional Service Comp UNDER CONTRACT

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Business Description

The prospect company is a 10-year-old Property Management firm, licensed in Florida, providing professional services to Community and HOA associations. It is currently operated by founder owners who are now seeking to retire and travel. Its steady and long-time client base receives the finest in service to make each association the best it can be. The staff is trained and motivated to be part of solutions not problems. One of the strongest keys to success has been emphasis on good responsive communication. It is profitable and financially stable, consistent and sound. Great solid customer mix with no customer concentration issue. Its industrial location consists of about a 1,500 square foot owned condo office. New owner could rent existing location back from current owners or possibly purchase. The company has 12 employees (8 full-time and 4 part-time) who are well trained to carry out the company’s mission of first class service for each and every client.
This is simply one well-run property management business with steady financial results. It is an opportunity that will not last long so…..contact us for further details. Prospective buyers will be required to sign a confidentiality agreement and complete a personal or company financial statement prior to any further information being disclosed.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
1,500
Employees:
12
Facilities:
1500 Sq Ft Stand alone condo in industrial park location. Exceedingly well built out by owners. Perfectly set up for this business. Not included in business sale but may be rented for $2,100 per month or purchased for $245,000. There is FFE in the building which is valued at $30K and also available (not included in business asking price of $295,000)
Competition:
The area has a number of competitors, both large and small, but this company generally finds itself in competition with the larger companies. They provide the same professional level as larger firms with the stability and friendliness of a small firm at competitive prices.
Growth & Expansion:
The property management business is a service business with the services mandated by the State of Florida. Every year the mandates change and increase. Additionally HOAs are being forced into same requirements as Condos, which increases need for professional management services. Add to that the fast growing pace of SW Florida of both new condos and HOAs means significant growth opportunities for well run businesses providing high quality superior service, such as this company provides. Company has added seven mew clients in the last two years. Owners estimate they could add 3 more clients (about $50,000 additional revenue) with out adding additional staff or space. They have expanded by referrals but new owner could take a more aggressive approach to growth.
Support & Training:
Two Weeks - as needed.
Reason for Selling:
Retirement, travel and to tend to family.
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(from currently available funds)
 
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Business Listed By:
David Brown

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