Established Property Management Company
Chinook Business Advisory Ltd. is pleased to bring a unique opportunity to select buyers. This is a very profitable and established property management firm based in Greater Vancouver with a multidisciplinary team, personalized service, high-tech solutions, and data analysis; and a top performer in the property management industry with a substantial market share and reputation. This is an excellent option for an existing Property Management company looking to growth by acquisition, Investors/PE firms looking to diversify their portfolio or serious entrepreneurs looking at entering the property management industry. The business is recession proof, as the need for house and strata management will remain regardless of economic conditions. The company provides residential and commercial strata management services, commercial property management, rental property management, and accounting services for strata corporations. The company operates with a diverse group of clients in Greater Vancouver, providing great revenue potential and reduced concentration risk. This is a turnkey operation, all property managers in the firm are licensed under the Real Estate Services Act of British Columbia, and all the necessary systems, processes, and equipment are in place. With significant growth potential, especially with the implementation of different marketing strategies, the company is well-positioned to continue increasing profits and strengthen business continuity. The company reports growth in revenues and profits year-over-year as a result of its innovative financial management, cost-saving, strategic planning, and effective business practices. In addition, it utilizes technology portals to automate systems and procedures, increasing efficiency and achieving healthy profit margins through effective planning strategies and efficient use of resources. Only interested buyers who sign a NDA and fully articulate their expansion and acquisition plans will be considered. Proof of funds will be required.
Internal Id
10024
Growth & Expansion
This business has an ongoing marketing strategy that includes website optimization, SEO efforts, and a monthly budget of $500 for Google AdWords. They also leverage their memberships in professional organizations, such as the Better Business Bureau, Real Estate Board of Greater Vancouver, Condominium Home Owners Association (CHOA), Professional Association of Managing Agents (PMA), and Urban Development Institute (UDI) to build a strong team and gain recognition in the industry.
Facilities & Assets
This business is a real estate and investment company with 34 full-time employees and one part-time employee.
Number Of Employees
34
Market & Competition
Strata properties are a popular housing choice in B.C. for the convenience, security, added amenities and good value. An estimated1.5 million people live in strata housing. Strata housing can include: condos, townhouses, duplexes, even single family homes in bare land strata corporations ("strata subdivisions"). There are about 33,000 Strata corporations and 275 brokerages providing strata property management services in B.C. All services that require licensing under Real Estate Services Act (RESA), including the provision of strata management services, must be provided through a brokerage. In most cases, strata management services are provided by a company, partnership or sole proprietorship which is licensed as a brokerage. The brokerage engages licensed individuals to carry out the specific strata management activities. Such individuals are usually referred to as strata managers. The brokerage may also coordinate service providers whose services are contracted by the strata corporation, e.g. plumbers, electricians, caretakers, landscapers, etc. All other services provided by the brokerage should be specified in the management contract. A brokerage that provides strata management services is commonly known as a strata management company.
Reason for Selling
The owners would like to pursue personal goals and care for aging family members in the short term before exploring other business opportunities.
Financials
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