BUSINESS DETAILS

Business ID: 6593
Location: Denver Metro Area
Type of Business: Management Company for Home Owners Associations
Year Established: 1983
Summary:

THIS IS A MUST SELL ASAP SITUATION DUE TO MAJOR HEALTH PROBLEMS OF ONE OF THE PARTNERS.  Excellent  earnings, excellent reputation, loyal client base which all adds up to a rare and wonderful opportunity. They manage 19 properties with approximately 1446 units. This is a full service management company dedicated to single family, town home and condominium home owner associations.  With over thirty three years of being number one in customer service they have built a great company.  Their reputation as dedicated, efficient problem solvers is well known amongst the associations that they represent.  The history and reputation provides a great opportunity for growth with a highly skilled and stable group of independent contractors and vendors in place.

HIGHLIGHTS:

 

  • Priced well below market value for a quick sale
  • White collar environment
  • Business to Business
  • Owner financing assistance available to qualified purchaser
  • Substantial discount in purchase price for cash
  • In business over 33 years
  • Long very profitable history
  • Excellent name recognition in the market place
  • Established reputation of superior client satisfaction
  • Owner is willing to stay and train the new owner, as needed for 60 days, to ensure a smooth transition
  • Solid business model in place
  • Recession proof
  • Excellent potential for additional growth
  • State-of-the-art data processing systems
  • Requires little working capital
  • Clean pleasant working environment
  • Easy business to run
  • Loyal customer base
  • Substantial barriers to entry with new licensing requirements
  • Significant opportunities for substantial long-term growth
  • Longevity with well trained and experienced staff

 

Reason for Sale:
One of the partners is serious ill and cannot work which put to much of a load on the other partner.
Gross Sales (approximate): $424,400
Seller's Discretionary Earnings (approximate): $223,570
Assets (approximate)
$10,000
Offering Price: SOLD
Terms:
Seller will consider carrying a portion of the purchase price for a well qualified Purchaser
Real Estate
Real Estate is not available. Business is in a leased facility.