1034-12343 Profitable Condo and HOA Management Company

Undisclosed Address, Florida
Business Opportunity for Sale
Catylist Listing ID: 29997731
Property Subtypes: Real Estate
Building Size (RSF): See Agent
Sale Price: $125,000
Year Business Established: 2012
Gross Revenue: $115,841 (Annual)
Cash Flow: $75,304 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Last Updated: 8/12/2017

Overview / Comments

Great acquisition opportunity! Established and reputable Condo Association and HOA management company serving east central Florida. Rolling 12 month commission of $115k and growing. Excellent retention. Quality book of nine associations: 52% Management fee, 25% maintenance income, 8% administrative income, 8% contract supervision fees, 6.4% of other fees. Financials are for BOOK OF BUSINESS SALE ONLY. Sellers have another business and investment developments that demands more of their time. This is a perfect acquisition to grow your company and develop a new territory.

Additional Details

Industry Segment: Other Real Estate
Reason for Selling: Owners want to focus on his other non-competing business.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
Real Estate Lease Description: Currently located in owners existing office. Business can be moved to either a small commercial or home office.
Employee/Labor Description: 1 PT. Monday-Friday 9am-4:30pm.
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. CAM license is required for owner/operator.
Competition/Market Description: With over 550,000 residents in the county, there are hundreds of condo's and HOAs that need servicing. There are many property management companies within the county. However, there is clear advantage over the competition. The professionalism, state-of-the-art technology and strategic planning set them apart from the rest of the pack. They consistently update and improve services, customize management services to meet specific community needs and provide peace of mind by protecting, preserving and enhancing the value of each community.
Growth/Expansion Opportunities: Potential for growth is limited only by the new owner's time, energy and passion to create a larger, more profitable company.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,688 16,183
Median Age: 51.31 44.56
Households: 2,735 6,282
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