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Property Management Company With Premises In Menorca For Sale

Fornells, Menorca
Freehold Price:
€250,000 Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
€120,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€65,000
Cash Flow:
Under €50K

For sale due to retirement
A fantastic business opportunity has arisen to purchase a well-established property management (villa maintenance, cleaning and project management) company based on the north of the island of Menorca. They currently handle 24 apartments and 10 villas with a small team (6-8) of operatives to assist with service delivery.
Services currently offered include:
Property and project management
Complete cleaning services (spring clean, changeovers, maid service, winterisation)
Laundry and linen hire
Cot/high chair hire
General repairs and liaison with tradesmen (eg electric, painting and decorating)
Property improvements (eg building, pool maintenance, management of building work)
Fiscal representations – wealth and income tax
Translations
Insurances -home, cars and boats
General administration – wills, driving licences, legal documents

These services are currently offered on a bespoke, tailor made basis to meet the requirements of each property owner.
After 28 years, the owners would now like to retire, with the company being sold as a going concern- they are keen to hand over their current portfolio to ensure continuity of service to their customers.

There is lots of potential to expand and develop the business for the right person with a proactive approach and “can do” attitude.

By negotiation, the following can be included in the agreed sale price:
• Large office space with potential planning to allow conversion to a holiday apartment let
• Lock up/commercial space (currently used as laundry rooms)
• Ongoing multi lingual support service at preferential rates to aid with ongoing business development
• Full handover and transition support (timescale to be mutually agreed but to a maximum of 6 months)
The current business owners have built up extensive goodwill across the island over many years of trading with a strong client and local knowledge base which they are happy to share to support the new owners.
Current turnover: c65,000E
Sale price: c120,000E (no properties but will include all the removable assets required for property maintenance – sheets, towels, cots, high chair and 2 year old Dacia Dokker vehicle (under warranty))
Sale price: c250,000E (inc. property and as above)

Subject to agreement: Handover support period
Hourly project rate post-handover

If interested, please contact the seller through the form on this page.

Property information

Real Estate:

Available as lease or with real property included

Premises Details:

Large office space with potential planning, lock up/commercial space currently used as laundry rooms

Business Operation

Expansion Potential:

Potential to expand and develop for the right person with a proactive approach and "can do" attitude

Reasons for selling:

Retirement

Trading hours:

Varies and seasonal

Employees:
6-8
Years established:
28

Other Information

Support & training:

Ongoing and multilingual support available

Website:
Login or register to view link
Leasehold asking price:
€120,000 - Furniture / Fixtures and Inventory / Stock included

Contact Information

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