MergerPlace

Property Management Business in Ontario

Ontario


  • Asking Price: $375,000
  • Gross Income: $771,449
  • Cash Flow: $106,865
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #205612
  • Established: 1992
  • Employees: 8 FT/ 5 PT

Business Description

This successful profitable Northern Ontario Property Management Company has a wide variety of clients and a reputation for honest, reliable service. Clients include owners of commercial and residential buildings plus individual locations. The core team of full-time employees includes a GM (retiring) an office manager plus administrative, maintenance/repair and cleaning staff. An additional team of part-time staff are scheduled as required. Customers pay both a monthly management fee and additional fees for specific maintenance and tenant management services.
The company has excellent growth potential. This business would suit an owner/operator who wanted manage the current business and take advantage of growth opportunities. Alternatively, a buyer with a new GM would be equally effective. The seller will consider VTB financing at the listing price for a qualified purchaser.
Note Seller's Discretionary Earnings shown for 2017 is after the GM was paid $52,500 in partial year salary but before GM and Owner dividends in 2017. So 2017 SDE before any GM/Owner salary compensation was $160K. Total GM compensation for 2018 is budgeted at $70K plus $40K in GM/Owner dividends.


Business Details

Primary Business Category: Services - Other Services
Location: Ontario

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 8 FT/ 5 PT

Financial Information

Asking Price: $375,000
Gross Revenue: $771,449
Cash Flow: $106,865
Seller Financing Available: No

Property Information

Facilities:

The company operates out of a rented office facility.

Growth & expansion opportunities:

Excellent opportunity for growth. There is high demand for these services.

Competition:

Few competitors with a high quality reputation serving this client base in this geography.

Reason for selling:

The owner is retiring.

Support & Training:

Will train for 10 weeks @ no cost. The business offers a full suite of property management services including tenant management, grounds and facilities management, contract oversight plus complaint management along with repairs and upkeep. The company has a solid reputation for quality trustworthy staff and excellent service.

Contact Business Seller

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Business Listed By:

Gordon Schofield

Murphy Business Brokers