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Very Profitable Semi-Absentee Run Condo HOA Management Firm

Sarasota County, FL
HOA MGMT
Sale Pending
Asking Price:$395,000
Gross Revenue:$685,616
FF&E:$15,000
Cash Flow:$175,000
Rent:$4,000
Established Year:2005
Listing ID: 2264775Listing provided by BizBuySell
BUSINESS DESCRIPTION

This is a solid and highly profitable business currently being run on a semi-absentee basis in the Sarasota region. They have built huge inroads into the community and coast on 100% Word of Mouth Referrals with virtually no advertising. They have a great facility with a massive conference room perfect for HOA meetings! They have an experienced and well trained tenured staff in place. The current owner works two weeks about 25hrs/week and then takes two weeks off and works from his phone in Georgia. Two on/Two off!!! This business requires no previous experience or knowledge as the new owner will learn on-the-job.

To become a Certified CAM requires a 2 day course and a 100 question test, that’s it! There are multiple streams of revenue which can be grown and added to as well. This is the Quintessential streamlined and refined Property Management Business and it won’t last long!!! Give me a call, and yes I do actually answer the phone!

To expedite disclosure, please sign our online NDA at: https://www.gulfcoastbas.com/online-nda

DETAILED INFORMATION
Location
Sarasota County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,700
Lease Expiration
24/03/2028
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Business is housed in a Fabulous Freestanding Office Building with a very memorable unique design and stunning decor! Great location in Sarasota. Three good sized offices, with a great Foyer/Entryway and Reception area, a large kitchen/break-room, a file room/storage area and a very spacious Conference Room! He also will grant the “First Right of Refusal” to the buyer to purchase the building eventually. He will do everything he can to support the buyer in a successful transition as he wants to see the business to continue to thrive and succeed.
Competition
This is a very competitive industry, but given the fact that they have been established for almost 20 years this gives them a great competitive edge over their competitors
Growth & Expansion
The current owner does no marketing whatsoever! This business is ripe for growth due alone to the population explosion in Florida and the massive development. If the new owner implements some SEO and Social Platform marketing it could conceivably double the business in a couple years. The foundation is laid and ready for new management and further growth and development!
Support & Training
6-8 weeks, negotiable The current owner is willing to stay on as a consultant for an extended period of time for some reasonable compensation.
Reason for Selling
Retirement
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Toby
Barker
Business Broker Development Group, LLC
Phone Number
Toby Barker
Call Phone