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Price: $375,000
Revenue: $200,345 Seller's Discretionary Earnings: $191,657 Inventory Included in Price: $Nil FF&E Included in Price: $Nil Location: Calgary, Alberta Seller Financing: No Profile #4048 |
This is a rare opportunity to acquire a well-established, turn-key commercial property management business with virtually no overhead and a solid residual stream of income, offering tremendous growth possibilities! This business will be a great addition to the portfolio of an existing property manager, or a solid start for a new operator who plans to enter the industry.
The current owner established this company in 1998 and is ready to retire. The business has an outstanding reputation in the industry and specializes in the management of commercial strip malls in Calgary and area.
The business is operated by the owner with no employees or equipment, other than minimal office equipment. All services are sub-contracted and billed to the property owners. The Business currently has eight strip malls under management in Calgary and Airdrie. In preparation for retirement, the owner currently does not do any marketing or promotion of services to any potential customers. The owner simply manages the existing properties and collects residual income.
Property management is a regulated industry. In order to operate the business, a new owner or a staff member will have to have a real estate professional license with a property management qualification.
The seller has agreed to assist the incoming buyer with one month of training to accommodate a smooth transition, and will also be available for consultation afterwards.
The current owner established this company in 1998 and is ready to retire. The business has an outstanding reputation in the industry and specializes in the management of commercial strip malls in Calgary and area.
The business is operated by the owner with no employees or equipment, other than minimal office equipment. All services are sub-contracted and billed to the property owners. The Business currently has eight strip malls under management in Calgary and Airdrie. In preparation for retirement, the owner currently does not do any marketing or promotion of services to any potential customers. The owner simply manages the existing properties and collects residual income.
Property management is a regulated industry. In order to operate the business, a new owner or a staff member will have to have a real estate professional license with a property management qualification.
The seller has agreed to assist the incoming buyer with one month of training to accommodate a smooth transition, and will also be available for consultation afterwards.