Property Management Business

Asking Price

$2,500,000

Weighted Revenue

$1,184,352

Adjusted EBITDA

$509,247

Inventory

$15,179

This business is a well-established property management company specializing in vacation rentals. Established in 1997, the company has a strong history and reputation within the local community. It was originally created to cater to homeowners being relocated for employment, allowing them to retain their properties in a tourism-driven area. Over the years, the company has expanded its services and positioned itself as a market leader in the vacation rental industry.

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Details

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Year Established

1969

Full Time Employees

Property

Leased

Industry Overview

Companies in this industry manage residential and nonresidential real estate for property owners. Property management responsibilities relate to the overall operation of a property, including maintenance, rent collection, trash removal, security and some renovation activities. Industry players may also help manage a property's accounting, but operations related to the transactions of properties or real estate investments are not included in this industry.
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The primary activities of this industry are:

Residential property management
Nonresidential property management
Real estate agent and brokerage services
Construction management

Growth & Expansion

Growth Opportunities:

Continue to take on more vacation rentals as they obtain further permits
Increase marketing and promotional budget to grow brand awareness
Explore paid advertisements for Google and Meta (Instagram and Facebook)

Reason For Selling

The business has been under active management for a remarkable period of 26 years, with the owner consistently available and on-call throughout this time. However, with the arrival of their first grandchild, the owner is looking to embark on a new chapter in their life and explore different endeavours.

Get Access to the Financials & Full Listing Here