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Listing ID: 3098851

Sucessful Northern Ontario Property Management For Sale

Ontario, Canada

CA$ 350,000

Revenue: CA$ 914,009

Cash Flow: CA$ 98,917

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.

Property Details

Years Established:

27 Years

Other Details

Premise Details:

The company operates out of a rented office facility.

Competition:

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

Expansion Potential:

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

Operation Details

Employees:

8 FT/ 5 PT

Trading Hours:

Monday-Friday 8am-5pm

Support & Training:

Will train for 10 weeks @ no cost.

Miscellaneous

Reason For Selling:

The owner is retiring.

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