Sucessful Northern Ontario Property


  • Asking Price: $350,000
  • Gross Income: $917,009
  • Cash Flow: $98,917
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214687
  • 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 partial VTB financing at the listing price for a qualified purchaser.

Please Note: The 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 was budgeted at $70K plus $40K in GM/Owner dividends.

Business Details

Primary Business Category: Real Estate and Rental and Leasing
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: $350,000
Gross Revenue: $917,009
Cash Flow: $98,917
Seller Financing Available: No

Property Information


The company operates out of a rented office facility.

Growth & expansion opportunities:

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


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.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Gordon Schofield

Murphy Business Brokers