Rent Roll Business with 404 Properties!

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 404 properties, the business brings in a consistent income from an average weekly rent of $595.00, with a competitive average management fee of 7.87%.
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: 404
• Average Weekly Rent: $595
• Average Management Fee: 7.87%
• Stable and consistent revenue stream

Opportunities:
• Strong Cashflow: Consistent revenue stream from property investors.
• Synergies: Potential to expand into complementary services, including repairs and maintenance, development, and accounting, among others.

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.

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.

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!

Murray Dawson, 021 468 111, murray@hamishturner.co.nz

Agency reference #: EL04651