Off Market
Off Market
Trusted Property Management Business
$550,000
Middlesex County, MA
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Gross Revenue
$1,069,487
Owner's Cash Flow
$146,449
Min Down Payment
$120,000
Employees
4 FT
Business Summary
An excellent opportunity to purchase a well-established, property management business with an emphasis on single-family homes, multi-family and apartment buildings, HOA’s, and commercial properties. The business has a rich history, founded in 1987 by the current owner. The business has an experienced team and loyal customer base, both of which are well established.
Key Highlights
Year established
1987
Real estate
Owned will lease
Reason for selling
The current owner is retiring.
Support and training
The current owner is willing to stay on for up to 3 months to help with the transition.
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Consolidated Cashflow
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2020 | 2021 | 2022 | |
---|---|---|---|
Gross Revenue | $9,676 | $825 | $2,575 |
COGS | $7,341 | $4,690 | $754 |
Gross Income | $2,335 | ($3,865) | $1,821 |
Operating Expenses | $9,079 | $5,793 | $2,837 |
Operating Incomes | ($6,744) | ($9,658) | ($1,016) |
Net Other Income (Expenses) | ($6,661) | ($3,993) | ($155) |
Net Income | ($13,405) | ($13,651) | ($1,171) |
Interest | $8,038 | $7,843 | $4,445 |
Depreciation | $6,668 | $8,404 | $2,871 |
Amortization | $4,832 | $4,009 | $1,640 |
EBITDA | $6,133 | $6,605 | $7,785 |
Add-backs | $60,410 | $73,928 | $67,080 |
Owner's Cash Flow | $66,543 | $80,533 | $74,865 |
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