PROFITABLE RESIDENTIAL HOA MANAGEMENT ACCOUNTS FOR SALE
Industry: PROPERTY MANAGEMENT
Collection of 8 residential HOA management Accounts for sale. All the accounts are located within a tight geographic radius comprised of higher income communities. The company has a reputation for being proactive, which is rare in a reactive industry.
The total numbers of doors under management is +- 1,880. Two communities are on the active waiting list, waiting to be onboarded by new ownership (approx. 150 additional doors). Two of the existing communities are scheduled for management rate increases of 5% and 4% in 2019.
The company earns revenues through management fees, transfer fees, and design review services.
These accounts would make for a great bolt on addition for an existing property management company already operating in the space or provide a solid customer base for a new to the business operator.
The seller is leaving the business to pursue other interests and will sign a non-compete agreement, as well as work extensively with a new owner to ensure a seamless transition.
Asking Price: $233,550
Gross Income: $155,700
Down Payment: $233,550
Cash Flow: $93,524
Reason For Sale:Other Interests
Training & Support:The seller is willing to train, the time frame is negotiable
Days & Hours of Operation: Monday - Friday
General Location: ARIZONA