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Details - Information last confirmed on June 21, 2021
This Business offering is a division of an older well established real estate and property management company.
The Company's property management, accounting and maintenance divisions are offered for sale - which is separate from the balance of the Company which provides commercial management, sales and construction, requiring special licenses.
The business model being offered has reoccurring profitable monthly revenues from existing property management contracts. These contracts are from Condominium Associations, Home Owner's Associations as well as Accounting and Maintenance contracts. The Company has an excellent reputation with great profit margins.
This is truly a recession, crisis-proof and essential business to grow from. The Company has been providing condominium property management services in South Florida for over 40 years.
Property contracts under management consist of 1500+/- residential units. This Company has a very low turnover rate from the Associations it represents; many have been with the Company for over 20 years. This business offering is established in a central Palm Beach County location and comes with a high quality office staff. The owner plans to stay on for an extended transition period to help introduce the new buyer to all accounts. The owner, since acquisition, has used the "base company" as a springboard to develop and build and sell numerous office buildings, residential homes and commercial centers and is now retiring.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.