Location: Miami-Dade County, FL
Industry: Property Management
Listing ID: 52470
Listing Status: Under Contract
Excellent opportunity to acquire an established Residential Condo Property Management division.
The company has a longstanding history in the industry, with 416 units under management and an average ongoing contract length of 18 years. The company has a diverse customer base, with an average property size of around 35 units per property.
The ideal buyer for this business is in the property management industry and would be able to roll this book of business into their existing portfolio.
*Expenses have not been defined in the financial breakdown as this listing only applies to a division of the company with a specific type of customer. There are no employees or fixed operational costs included in the sale.
Fixed annual management fees and related estoppel fees average $260,000 per year, and the difference in variable revenue relates to oversight fees for property improvements.
This Florida based business for sale is presented by Sunbelt Business Brokers of South Florida, a division of SUNBELT, the largest organization of business brokers and M&A professionals in the world. With a local presence and global marketing reach, Sunbelt Business Brokers of South Florida has provided main-street and lower middle market business owners and buyers with unsurpassed deal expertise for nearly 20 years. For more information on this business for sale contact David Carson at email@example.com or (949) 339-1500.
Total Sales: $311,808
Cash Flow: $139,924