Residential Property Management – Under Offer

Established in 2009, this experienced residential property management company is based in Calgary, Alberta. The company’s mission is to provide superior, client-focused management services and foster a win/win relationship between property owners and residents. The property that this company manages offers quality residential accommodation at reasonable rents. They are well-maintained and regularly improved. To ensure that each client has their full attention, they limit the size and scope of their portfolio. The company offers expertise in risk management and capital improvement project management. This company provides rental property management, condominium management, and commercial leasing management. Profitability has been stable through the constantly evolving real estate market. Strong systems have been implemented along with business processes to ensure consistent, quality client relations and business operations. New high-rise building coming into the portfolio Jan 2023.

 

This business represents an incredible opportunity for an individual with knowledge of the real estate industry and who would be a medium to large property management company. It offers the ability to have great cash flow while growing the business and achieving strong returns.

Listing ID: FSP13092022

Asking Price: $700,000

Why This Business

  • Owner is willing to work in the business to support the transition
  • Strong Profitability 
  • Consistent contracts
  • Well-established customer base
  • Resilient Industry  
  • High Growth Potential
  • Active rental market
  • Recurring and diversified income stream that is not dependent on any single client

Additional details

Reason for sale: Retirement
General Information: Owner support/training available
Documents Available For Review: Financial Statements, Confidential Business Profile

Listing Details

Operational Summary

Annual Revenue: $557546
Assets: $29,170 value is at cost
Earnings: $281706
Year Established: 2009
FT Employees: 2
PT Employees: 1
Location: Calgary, AB
Broker: Sharon Shore
Contact: Sharon Shore (780-495-9295)

Sharon Shore

info@absales.ca

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Business Listing: FSP13092022