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Sucessful Northern Ontario Property Management for sale in CAN

CANADA (CAN)

Asking Price: Gross: Cash Flow:
$ 350,000 $ 941,009 $ 98,917

Business Summary:
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.

 

   
Year Business was Established: 1992
   
Number of Employees: 8 FT/ 5 PT  
   
Facilities / Terms of Lease: The company operates out of a rented office facility.  
   
Potential Growth/Expansion: 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.  
   
Owner willing to train: Willing to train for 10 weeks @ no cost.  
   
Reason for selling: The owner is retiring.  
   
Seller Reference Number: 9105-13888
BusinessMart.com Listing Number: 243130
 

 

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For more info contact:

Russ Bieber

Murphy Business & Financial Services
727-725-7090

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