Price Reduced! Residential Property Management

This independently owned, full-service real estate brokerage, focused on property management actively manages hundreds of properties in and around the Edmonton area. They found a community need for quality property management in 2007 and looked to fill this need in the market. They work with owners to ensure tenant retention and property performance, and with tenants on finding and maintaining properties that suit their lifestyle. Profitability has been stable through the constantly evolving real-estate market. Strong systems have been implemented throughout along with business processes to ensure consistent, quality client relations and business operations.

This business represents an incredible opportunity for an individual with knowledge of the real-estate industry, or a skilled business person. It offers the ability to have great cashflow while growing the business and achieving strong returns.

Listing ID: LPM01312022

Asking Price: $1,300,000

Why This Business

  • Strong Profitability
  • Repeat Customer Base
  • Highly Trained, Dedicated Staff
  • Resilient Industry
  • High Growth Potential
  • Recurring Income Stream
  • Diversified Income Stream, Not Dependant on any Single Client

Additional details

Reason for sale: Owners wishing to pursue other business ventures
General Information: Seller is founder of the business, Owner support/training is negotiable, Seller financing negotiable, Premises can be negotiated as part of sale
Documents Available For Review: Financial Statements, Confidential Business Profile

Listing Details

Operational Summary

Annual Revenue: $628553
Assets: $25000
Earnings: $247989
Year Established: 2007
FT Employees: 5
PT Employees: 1
Location: Edmonton, AB
Broker: Neil Gerritsen
Contact: Neil Gerritsen (780)495-9295

Neil Gerritsen

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Business Listing: LPM01312022