Step into success with this thriving property management business!
Positioned at the heart of Christchurch's bustling residential property management industry, this well-established business is now in its 18th year of operation. From humble beginnings, it has expanded organically, becoming a beacon of excellence in the region. With a high-profile office located on a busy Christchurch road, complete with excellent visibility and a long-term lease, the business is perfectly positioned to continue its success under new ownership.
This is a rare opportunity to acquire a business that not only boasts a loyal, long-term client base but also a stellar reputation, cemented by numerous awards.
Highlights of the Business:
- Loyal, long-term client base of 331 landlord clients
- Steady growth with minimal attrition & rent arrears
- Nearly 500 high-quality properties under management
- Professional, high-standard staff delivering top-notch service
- Projected net profit of $300k per annum or $200k with minimal owner involvement
Opportunities:
- Strong Cashflow: Consistent revenue stream from property investors.
- Synergies: Potential to expand into complementary services, including repairs and maintenance, development, and accounting, among others.
With a consistent focus on growth, the business is just months away from reaching its target of 500 properties, offering new owners a wealth of opportunities, whether continuing in growth mode or transitioning to a steady state with impressive profit margins.
Seize the chance to step into a business with a robust foundation and strong growth trajectory. Whether you're looking to expand your portfolio or seeking a steady income with minimal oversight, this business offers the perfect balance of opportunity and stability.
How are Rent Rolls Valued?
Rent rolls and property management businesses are typically valued based on projected annualized management fee income, rather than EBITDA. This approach highlights the strong potential for capital growth, making these businesses particularly attractive to Purchasers. For further details on rent roll valuations, please contact the broker listed below.
Don't miss out on the opportunity to own a flagship business with an excellent track record of success. Enquire now!
Murray Dawson, 021 468 111, murray.dawson@linkbusiness.co.nz
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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