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Property Management Business

Name: Property Management Business
Price range: $$

Listing

1776

SOLD!

Middlesex County, MA

Revenue

$1,992,780

Cash Flow

$175,410

Asking Price

$675,000

Sold Price

$685,000

Business Description

The company provides customer driven property management services to small to medium sized associations in the Greater Boston area. Drawing on years of management experience, the company specializes in managing residential condominium communities, especially smaller associations that otherwise would go under-served. They also offer expertise in financial management, preventative maintenance, and client service, working closely with the trustees to enhance value and quality of life.

The company is a member of the Community Association Institute (CAI), which provides access to an experienced network of contractors, and the latest in community association laws, education, and news. Additionally, the business has excellent relationships with local vendors that specialize in the condo market. The company also embraces technology to effectively deliver the best possible service to clients.

Growth Expansion and Opportunities

Over the last twenty years, the company has built a strong roster of clients and trusted vendors, but there are still several ways the new owner could choose to grow the business.

Three possible options for growth include:

• Acquiring competitors

• Increasing the amount of maintenance done

• Implementing a more comprehensive marketing strategy

• Brokerage and commercial property management

Support & Training

The seller will provide training and support to ensure a smooth transition

Reason Selling

Retirement

Employees

14 FT

Terms