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High-Performing Property Management Business
Listing: #EL05250
About this Business for sale in Auckland City
High-Performing Property Management BusinessSecure a well-established Auckland property management portfolio with a strong reputation for professional service, loyal clients and consistent recurring income.
The portfolio comprises 176 managed residential tenancies across 152 active owners, providing a well-diversified client base and an excellent foundation for future growth. In addition to recurring management fee income, the business generates valuable secondary revenue through established body corporate and groundskeeping contracts.
Renowned for delivering exceptional property management services, the business has earned a 5-star Google rating from more than 90 reviews, reflecting its commitment to outstanding customer service and strong client relationships.
Portfolio highlights include:
- 176 managed residential tenancies
- 152 active owners
- Average weekly rent of $689.26
- Projected annualised management fee income of $482,570
- Low landlord-to-property ratio of 1.16:1
- Strong average rents and management fees
- Additional recurring income from body corporate and groundskeeping contracts
- Arrears of 4.6%
- Vacancy rate of 3%
- Systems include Palace and BNZ
This is an excellent opportunity for an existing property management business to expand its portfolio or for an industry operator looking to acquire a quality business with recurring income, diversified revenue streams and an outstanding reputation.
Contact the broker today to learn more about this opportunity.
How are Rent Rolls Valued?
Rent rolls and property management businesses are typically valued based on projected annualised 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.
Mike Munro, 022 123 4144, mike.munro@linkbusiness.co.nz
Sophie Decia, 022 681 9910, sophie.decia@linkbusiness.co.nz
***Please refer to the LINK website for full disclaimers.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.