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Current annual income in the region of £1,250,000 (Block Management £800,000 and Residential management £450,000) from c.5,500 Units under management and 1,000 AST/Let only properties. This highly respected company and has built a superb professional reputation. It is for sale due to retirement of the directors. New contracts have been secured, which will provide additional annual income of over £200,000, over the next 2-3 years. Annual advised EBITDA of £250,000, with economies of scale of the administration staffing levels. There are also no charges made for any maintenance works.
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