Property Management Business For Sale
Cape Cod Management Property
Barnstable County, Massachusetts
Listing Number: 1572
Asking Price: $895,000
Projected 2018 Revenues: $1,500,000Projected 2018 Cash Flow: $350,000
This is a great opportunity for a property management company, construction business, or individual. Primarily focused on residential properties, this Cape Cod property management business has added many customers and grown rapidly every year since it was founded. With hundreds of units as clients, it generates over $1,000,000 in revenues and an excellent income to the owner.
There are 3 sources of income to the business – financial management of associations, maintenance of properties, and construction project management. The rapidly increasing client base not only provides more revenues in maintenance, but more opportunities for construction project management. The business has in-house people for the maintenance and regular sub-contractors that do the projects. This business provides a high amount of business to its subcontractors thereby enabling them to provide their clients with small projects as well as big ones.
Due to its isolated location, Cape Cod offers insulation from competitors. However, it can also take time for a business to become established since reputation and word of mouth are the primary basis for choosing suppliers. This business has worked hard to build and maintain its reputation and is growing rapidly as a result.
Growth & Expansion:
This business can grow by just adding the customers that contact them or by expanding its market geographically.
Employees: 6 FT
Financing: A qualified buyer should be able to obtain SBA financing with 10% down.
Support & Training: Training will be available.
Reason Selling: Retirement