24yr Established Property Management Company Contracts In Place For Sale - 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 contracts in place and 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/relocatable, with 98% of work performed virtually
- Standard three-year contracts in place across the portfolio, with built-in escalators
- Owner time commitment is approximately 1 to 2 hours per day
- No full-time W2 employees; operated by owner with support from a part-time accountant ($450/month) and outside CPA ($315/year)
- Asset-light model: no commercial facility, company vehicles, or inventory; primary assets are management software subscription and contract book
- Industry-standard property management platform included (costs approximately $600 to $700/month)
- Owner is open to a small 5-10% seller financing note for a qualified buyer
Contact Info
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