24-Yr Established Property Management Company | Contracts in Place
Business Description
- Established Operation: 24 years of continuous operation under the same owner, founded in 2002, serving HOA and condominium associations throughout Massachusetts
- Fully Remote Operating Model: Business is operated remotely with approximately 98% of work performed virtually; owner can be based anywhere
- Recurring Revenue Base: Approximately 300 doors under management across nine HOA and condominium associations, with management fees billed monthly on a per-unit basis averaging $30 per unit
- Active Expansion Underway: Owner is currently in the process of adding approximately 54 additional doors, growing the portfolio to roughly 354 doors
- Owner Time Commitment: Approximately 1 to 2 hours per day; business is largely self-running through software automation and a long-tenured vendor network
- Premium Client Base: Accounts concentrated in over-55 active adult communities with newer single-family homes and condos in the $400K to $700K range, providing high-quality, low-turnover, owner-occupied clientele
- Long-Tenured Client Relationships: Oldest active accounts span nearly 20 years; many accounts have continued seamlessly across contract renewals due to deep relationships
- Multi-Year Contracts in Place: Standard three-year contracts in place across the portfolio, with built-in escalators
- Diversified Account Mix: Mix of monthly-billed accounts and lower-touch annual-billed accounts, including one oversight engagement generating recurring monthly income for minimal work
- Software & Systems Included: Industry-standard property management platform (approximately $600 to $700/month) handles billing, owner payments, lead generation, automated bill-pay, and reporting; fully transferable to a new owner along with two business phone lines
- Built-In Lead Generation: Pay-per-lead system delivers pre-qualified prospects matching custom criteria for geography, property type, and unit count; only pays for qualified inbound leads
- Lean Cost Structure: Operated by the owner with support from a part-time accountant ($450/month) and outside CPA ($315/year); no full-time W2 employees, minimal overhead
- Active Contracting Pipeline: $180K roof replacement project currently in progress at one community; prior projects include a $170K composite decking job (15 decks) and a soffit ventilation install at a 150-unit community; one project already booked for the upcoming year
- Secondary Revenue Stream: Recurring property management revenue supplemented by general contracting projects leveraging the owner's GC license
- Established Vendor Network: Long-tenured landscaping, snow plowing, and maintenance vendors with relationships spanning 15 to 20 years; all expected to remain in place post-sale
- Asset-Light Model: No commercial facility, no company vehicles, no inventory; primary operating asset is the management software subscription and the contract book
- Growth Potential: Platform supports easy expansion into apartment management and additional geographies (including Rhode Island, currently being explored); lead generation system allows a new owner to scale with minimal incremental effort; GC license supports growth in contracting revenue
- Financing: Seller financing may be available for a qualified buyer
- Reason for Sale: Owner is pursuing other business interests
- Transition: Owner is committed to a structured transition period including potential continued involvement to ensure a smooth handoff of client relationships, vendor coordination, and operations
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
- Fully Remote Operating Model: Business is operated remotely with approximately 98% of work performed virtually; owner can be based anywhere
- Recurring Revenue Base: Approximately 300 doors under management across nine HOA and condominium associations, with management fees billed monthly on a per-unit basis averaging $30 per unit
- Active Expansion Underway: Owner is currently in the process of adding approximately 54 additional doors, growing the portfolio to roughly 354 doors
- Owner Time Commitment: Approximately 1 to 2 hours per day; business is largely self-running through software automation and a long-tenured vendor network
- Premium Client Base: Accounts concentrated in over-55 active adult communities with newer single-family homes and condos in the $400K to $700K range, providing high-quality, low-turnover, owner-occupied clientele
- Long-Tenured Client Relationships: Oldest active accounts span nearly 20 years; many accounts have continued seamlessly across contract renewals due to deep relationships
- Multi-Year Contracts in Place: Standard three-year contracts in place across the portfolio, with built-in escalators
- Diversified Account Mix: Mix of monthly-billed accounts and lower-touch annual-billed accounts, including one oversight engagement generating recurring monthly income for minimal work
- Software & Systems Included: Industry-standard property management platform (approximately $600 to $700/month) handles billing, owner payments, lead generation, automated bill-pay, and reporting; fully transferable to a new owner along with two business phone lines
- Built-In Lead Generation: Pay-per-lead system delivers pre-qualified prospects matching custom criteria for geography, property type, and unit count; only pays for qualified inbound leads
- Lean Cost Structure: Operated by the owner with support from a part-time accountant ($450/month) and outside CPA ($315/year); no full-time W2 employees, minimal overhead
- Active Contracting Pipeline: $180K roof replacement project currently in progress at one community; prior projects include a $170K composite decking job (15 decks) and a soffit ventilation install at a 150-unit community; one project already booked for the upcoming year
- Secondary Revenue Stream: Recurring property management revenue supplemented by general contracting projects leveraging the owner's GC license
- Established Vendor Network: Long-tenured landscaping, snow plowing, and maintenance vendors with relationships spanning 15 to 20 years; all expected to remain in place post-sale
- Asset-Light Model: No commercial facility, no company vehicles, no inventory; primary operating asset is the management software subscription and the contract book
- Growth Potential: Platform supports easy expansion into apartment management and additional geographies (including Rhode Island, currently being explored); lead generation system allows a new owner to scale with minimal incremental effort; GC license supports growth in contracting revenue
- Financing: Seller financing may be available for a qualified buyer
- Reason for Sale: Owner is pursuing other business interests
- Transition: Owner is committed to a structured transition period including potential continued involvement to ensure a smooth handoff of client relationships, vendor coordination, and operations
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
- Years in Operation
- 24
- Opportunities for Growth
- Platform supports easy expansion into apartment management and additional geographies (including Rhode Island, currently being explored); lead generation system allows a new owner to scale with minimal incremental effort; GC license supports growth in contracting revenue
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Owner is pursuing other business interests
- Financing Options
- Seller financing may be available for a qualified buyer
Listing Info
- ID
- 2513331
- Listing Views
Listing ID: 2513331 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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