24-Yr Established Property Management Company | Contracts in Place - Business for Sale
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Remote HOA Property Management Company in Massachusetts
MA, US
Added 22 days ago
Property Management Services
24 years in business
RemoteAbsentee / Semi-Absentee
This is a 24-year established property management company serving HOA and condominium associations throughout Massachusetts, operating fully remotely with contracts in place for approximately 300 doors.
Key Information
Asking
$350K
Revenue
$171K
Earnings
$105K
Multiple
3.3x
Key Highlights
- 24 years in continuous operation under the same owner, founded in 2002
- Approximately 300 doors under management across nine HOA and condominium associations
- Management fees average $30 per unit per month
- Business operates fully remotely with approximately 98% of work performed virtually
- Owner time commitment is approximately 1 to 2 hours per day
- No full-time W2 employees; support from a part-time accountant ($450/month) and outside CPA ($315/year)
- Industry-standard property management software subscription ($600-$700/month) and two business phone lines included
- Standard three-year contracts in place across the portfolio with built-in escalators
- Asset-light model: no commercial facility, company vehicles, or inventory
Contact Info
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