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BUSINESSES FOR SALE


If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   New Zealand Businesses For Sale Categories   >>   

Property Management Business - Passive Role

Location  New Zealand
Asking Price Range  $250K - $500K
Gross Revenues  $246000
Net Profit / Cash Flow  $48600
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2010
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Management agreement in place with specialist company.
Reason for Sale  Owner looking to concentrate on growing property management company.
Description  Due to a merger acquisition, a rent roll of 200 Christchurch city fringe townhouses and freestanding dwellings, each with a property management contract in place, has come onto the market for sale. In place is a management agreement with Iron Bridge Property Management Ltd who has agreed to pay for the rights and benefits associated with the daily operation of the managed properties for the next five years. The management agreement includes the provision by Iron Bridge to maintain the current number of properties at 200, a negotiated buy-back at the end of the contract fixed at a gain of 20% on shareholders investment and a share of property growth during the period. If you are looking for a good investment - contact me for a copy of the information memorandum.
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