Property Management Company
Off-MarketKillington, VT
Property Management Business
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$1,000,000
$300,000
30.0%
1988
30+ Days
Customers
Short term property owners and landlords. Services include digital lock programming, owner calendars, maintenance emergency response, and compliance with short-term rental ordinance.
Customer Acquisition
Business development and relationship building with property managers. Recently, I established a new partnership with a marketing agency to help build the brand.
Team
The team includes two reservation managers, an office manager, property managers for pre-arrival and post-departure checks, and maintenance response staff.
Owner's Role
The owners consist of two brothers, both of whom are involved part-time at varying levels. One owner recently became more involved with new property acquisitions and marketing efforts.
Reason for Selling
Owners' parents who started the business are both deceased. The owners are involved in other businesses and inherited this business but do not wish to continue operating it. Both owners would be willing to stay on as employees for the first one or two years at no cost to ensure business continuity and maintain local relationships.
Contracts
Properties operate under written management contracts, typically lasting one year, that specify responsibilities for both the property manager and the owners.
Real Estate
One of the owners owns the office building where the reservation managers and internal team operate. The current lease is $1,500 per month, which the owner would be willing to pass along to a new owner, but does not wish to sell the commercial office.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
All 105–108 properties are condominiums and houses located in the local area. They are not owned by the management company but are managed under contract.
Business ID: 1536
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