Rental Property Management Company

Vancouver, British Columbia
  • property-management-SM
  • Price: $ 1,350,000
  • Location: Vancouver, British Columbia
  • Industry: Service
  • Listing ID #: 6803
  • Brochure: Download
Details Request for Listing

Ref # : 6803

Agent/Broker $ 1,350,000

Description

Target

This property management firm serves regional and international homeowner and landlord clients. This company specializes in the leasing and management of single-family homes, condominiums and townhouses, apartment buildings, as well as commercial and mixed-use buildings located across Metro Vancouver.

Based on TTM results to February 29, 2024, the business has revenues of $861,000 and normalized EBITDA of $376,000.

Customers

This property management firm serves regional and international homeowner and landlord clients. Business is generated primarily through repeat engagements with existing clients, as well as client and professional referrals.

Investment Highlights

  • Well-trained property management staff all have reputation for client service and market knowledge and provide diligent reporting with rental software management system.
  • Very high client renewal rates with majority of clients of 10 years or more, and turnover is a result of real estate sale or owner re-occupying property.
  • The firm and its licensed ownership have never been subject to any disciplinary action

Transaction

This business is being offered at $1,350,000 inclusive of furniture, fixtures and equipment, target working capital and goodwill.

The opportunity is for sale of 100% of the shares of the business. Management is willing to provide an effective period of training and transition post-closing.

Property attachment

Additional Details

  • Business Information
  • Contact Phone : 604-694-7528
  • For Sale By : Agent
  • Contact Details
  • Contact Name : Arthur Klein
  • Contact Email : aklein@smythecpa.com

Features

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