Active
Association Management Company
This outstanding business has the following attributes:
- 90% recurring revenue
- Small office staff
- Strong cash flow
- Proven business model, uncomplicated
- High customer retention >95%
Listed By: Michael Mitchell
Background information
Reference:
42458570-MM
Year established:
5/17/2016
Reason selling:
Other business endeavors / partner retiring
Finance
Sales:
$300,000
Profits:
$135,000
Profit type:
Discretionary Earnings
Operations
Employees:
There are currently 3 employees, including the owners. One PT employee will stay on. One owner will transition out over a 6-month period.
Equipment:
Office equipment is included
Inventory:
na
Furniture fixtures and equipment:
typical office equipment
Premises
Facility:
Office space for 3 individuals
Square footage:
530 sq. ft.
Rent and lease terms:
Renewable one year lease with 3% escalation
Location:
Quiet office space
Opportunities
Growth:
The business can be grown by adding new associations under management.
Market:
There are many opportunities to gain market share. Fast response to questions, phone calls, and emails differentiates this management company from the competition.
Price and terms
Price:
$325,000
Down payment:
$325,000
Financing:
na
Training:
Up to 6-month transition