- Established Operation: 24 years of continuous operation under the same owner, founded in 2002, serving HOA and condominium associations throughout Massachusetts
- Fully Remote Operating Model: Business is operated remotely with approximately 98% of work performed virtually; owner can be based anywhere
- Recurring Revenue Base: Approximately 300 doors under management across nine HOA and condominium associations, with management fees billed monthly on a per-unit basis averaging $30 per unit
- Active Expansion Underway: Owner is currently in the process of adding approximately 54 additional doors, growing the portfolio to roughly 354 doors
- Owner Time Commitment: Approximately 1 to 2 hours per day; business is largely self-running through software automation and a long-tenured vendor network
- Premium Client Base: Accounts concentrated in over-55 active adult communities with newer single-family homes and condos in the $400K to $700K range, providing high-quality, low-turnover, owner-occupied clientele
- Long-Tenured Client Relationships: Oldest active accounts span nearly 20 years; many accounts have continued seamlessly across contract renewals due to deep relationships
- Multi-Year Contracts in Place: Standard three-year contracts in place across the portfolio, with built-in escalators
- Diversified Account Mix: Mix of monthly-billed accounts and lower-touch annual-billed accounts, including one oversight engagement generating recurring monthly income for minimal work
- Software & Systems Included: Industry-standard property management platform (approximately $600 to $700/month) handles billing, owner payments, lead generation, automated bill-pay, and reporting; fully transferable to a new owner along with two business phone lines
- Built-In Lead Generation: Pay-per-lead system delivers pre-qualified prospects matching custom criteria for geography, property type, and unit count; only pays for qualified inbound leads
- Lean Cost Structure: Operated by the owner with support from a part-time accountant ($450/month) and outside CPA ($315/year); no full-time W2 employees, minimal overhead
- Active Contracting Pipeline: $180K roof replacement project currently in progress at one community; prior projects include a $170K composite decking job (15 decks) and a soffit ventilation install at a 150-unit community; one project already booked for the upcoming year
- Secondary Revenue Stream: Recurring property management revenue supplemented by general contracting projects leveraging the owner's GC license
- Established Vendor Network: Long-tenured landscaping, snow plowing, and maintenance vendors with relationships spanning 15 to 20 years; all expected to remain in place post-sale
- Asset-Light Model: No commercial facility, no company vehicles, no inventory; primary operating asset is the management software subscription and the contract book
- Growth Potential: Platform supports easy expansion into apartment management and additional geographies (including Rhode Island, currently being explored); lead generation system allows a new owner to scale with minimal incremental effort; GC license supports growth in contracting revenue
- Financing: Seller financing may be available for a qualified buyer
- Reason for Sale: Owner is pursuing other business interests
- Transition: Owner is committed to a structured transition period including potential continued involvement to ensure a smooth handoff of client relationships, vendor coordination, and operations
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2513331
