Property Management & Contracting Co. Mt Washington Valley, NH

[Charlie MacPherson]

FOR SALE! Established and profitable Property Management Company and Contracting Company, located in the beautiful Mt. Washington Valley in New Hampshire.

This husband (contractor) and wife (PM company) team was founded in 1993 and has a very good reputation in the community.  They are both looking toward retirement.

The contractor builds high-end custom homes and also offers renovations, additions and repairs - many of which are referred from the PM company.

The PM company provides year-round management for 17 condo associations as well as many private homes.  They provide landscaping, snow removal, professional cleaning and rental management for both short and long-term rentals.

The Mt. Washington Valley is a very popular tourist destination.  Summer tourists enjoy the scenery, hiking and lakes.  Fall foliage is spectacular and draws visitors from all over the world.  Winter brings ski and snowboard enthusiasts from far and wide.

As an additional bonus, New Hampshire has NO SALES TAX AND NO INCOME TAX!

Financials

Asking Price: $500,000
Cash Flow: $208,000
Equipment Included in the sale price: $200,000
Inventory Not Included in the sale price: $105,000
Real Estate Not Included in the sale price: $750,000

Real Estate (approximately 6,500 sq ft) includes office space for both Businesses, garage for equipment and a conference room for use by clients of the Property Management company business to hold association meetings.

One office is currently rented to a tenant, adding $10,000 per year in income. There is room for additional tenants in the surplus office space.

Business Details

Hours of Operation: 24/7 on call.
Training: Sellers will assist in the transition.
Reason for Sale: Retirement
Licenses required: Contractor licenses for trades.  Real Estate Broker License if directly handling rent payments.

For more information, contact Charlie MacPherson, Business Broker with Inbar Group, Inc. at [email protected] or 207-352-1000.

PS - if you know of someone with a business that they are thinking of selling, and make an introduction, I pay a very nice referral fee at closing!  Ask for details!