Profitable Property Management Business for Sale

Profitable Property Management Business for Sale

Price: $299,000

Location: Kingston, Ontario

Industry: 53131 - Real Estate Property Managers

Listing ID: 1384214000005284011

Listing Description

This première opportunity located in Ontario, is ideal for someone seeking a well-established business that services a loyal, high end, client base. This going concern is the largest property management company in its region. It currently maintains 95% of the rental and condominium market and is the leader in various categories of property management from condominiums, residential rentals to paralegal and full account services. They ensure all property matters are handled quickly and that everything is coordinated with their contractors in a timely manner to ensure complete customer satisfaction. Because of the high standards that they adhere to, they are able to position themselves as a première service and price their work accordingly, which is above the area standard. The IBISWorld Industry Report 53131CA, Property Management in Canada (May 15, 2017) states that [nonresidential] property management is expected to represent a larger share of industry revenue over the next five years, as new buildings provide greater demand for property managers to oversee maintenance and other building upkeep. As a result of mixed conditions, industry revenue is forecast to grow an annualized 2.0% to $6.9 billion over the five years to 2021 (pg. 5). Do not miss out on this opportunity, contact me today for more information!

Listing Details

Total Sales: $500,279

Cash Flow: $99,429

FFE: $40,000

Operation

Year Established: 2007

Employees: 9



Broker Info

Jim Nairn

Email: kingston@sunbeltcanada.com

Contact the seller