24-Yr Established Property Management Company | Contracts in Place - Business for Sale
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Remote Property Management Company in Massachusetts
MA, US
Added 25 days ago
Property Management Services
RemoteAbsentee / Semi-Absentee
This is a 24-year established property management company serving HOA and condominium associations throughout Massachusetts, operated fully remotely with approximately 300 doors under management.
Key Information
Asking
$350K
Revenue
$171K
Earnings
$105K
Multiple
3.3x
Key Highlights
- Business has operated for 24 years under the same owner, founded in 2002
- Approximately 300 doors under management across nine HOA and condominium associations in Massachusetts
- Business is fully remote with approximately 98% of work performed virtually; owner time commitment is 1 to 2 hours per day
- Recurring monthly management fees average $30 per unit
- Standard three-year contracts with built-in escalators are in place across the portfolio
- No full-time W2 employees; operated by owner with support from a part-time accountant ($450/month) and outside CPA ($315/year)
- Industry-standard property management software subscription ($600 to $700/month) and two business phone lines included in the sale
- Asset-light model: no commercial facility, company vehicles, or inventory
- Owner is open to a small 5-10% seller financing note for a qualified buyer
Contact Info
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