Looking for a resilient rent roll business with steady income and long-term growth potential?
This property management business, based in Christchurch, offers an exceptional opportunity. Managing 374 properties, the business brings in a consistent income from an average weekly rent of $573, with a competitive average management fee of 7.85%.
With a solid reputation and established relationships with property investors, this is a turnkey operation ideal for an entrepreneur looking to expand or a new owner entering the market.
Key Features: * Located in Christchurch * Managed properties: 387 * Average Weekly Rent: $573 * Average Management Fee: 7.85% * Stable and consistent revenue stream
The potential for growth in this business is impressive. With a strong cash flow already in place, new ownership could easily capitalise on synergies by expanding into complementary services such as repairs and maintenance, development, or even accounting.
Whether you're looking for a flexible lifestyle or to scale into a larger enterprise, this business offers the foundation and opportunity to grow.
Enquire now!
How are Rent Rolls Valued?
Rent rolls and property management businesses are typically valued based on projected annualized management fee income, rather than EBITDA. This approach highlights the strong potential for capital growth, making these businesses particularly attractive to Purchasers. For further details on rent roll valuations, please contact the broker listed below.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. #wesellbusinesses #hamishturner #propertymanagement #rentroll #christchurch Ref: EL04651 Timestamp: 20241003121502
