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708057 - Property Management Company
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$194K Normalized EBITDA Property Management Company For Sale
This Washington, D.C.-based property management firm has more than four decades of continuous operation, providing fullservice association management to 32 condominium, cooperative, and apartment communities in upper northwest Washington, D.C.
The Company manages 1,691 residential units across its portfolio. All 32 clients pay monthly in advance via ACH under annual auto-renewing contracts, resulting in effectively zero accounts receivable and highly predictable cash flow.
The business is led by a founder-owner who is retiring after 40+ years and has committed to a minimum six-month transition. A team of seven experienced employees, including two licensed property managers, is expected to remain post-close.
The Company manages 1,691 residential units across its portfolio. All 32 clients pay monthly in advance via ACH under annual auto-renewing contracts, resulting in effectively zero accounts receivable and highly predictable cash flow.
The business is led by a founder-owner who is retiring after 40+ years and has committed to a minimum six-month transition. A team of seven experienced employees, including two licensed property managers, is expected to remain post-close.
About the Business
- Years in Operation
- 44
- Website
- http://www.communitysystemsinc.com/
About the Sale
- Seller Motivation
- Retiring
Listing Info
- ID
- 2503889
- Listing Views
- 55
Attached DocumentsAttachment Disclaimer
Listing ID: 2503889 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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