Property management with 447 apartments for sale at Starnberger See.

Financial Data

A property management company in the Starnberg Lake region is selling a management portfolio of 447 apartments. The company is expected to generate an annual revenue of approximately €190,000 in the current year 2025. The managing director's salary is €72,000. The adjusted profit before taxes and depreciation is around €17,000. The purchase price for this established and debt-free property management company is €100,000 plus the reimbursement of existing cash reserves.

Business Model

The property management firm, structured as a GmbH, primarily manages homeowners' associations (WEGs) along with a few rental properties. The company acts as the WEG manager for 442 apartments in 46 homeowners' associations. This results in an average size of about 9 units per property, allowing for a rather small-scale yet financially stable management. Additionally, 5 rental apartments are also managed. The office is modernly furnished and equipped with server-based industry software that enables mobile work.

Market Position

The property management firm enjoys a good reputation among clients for being reliable and accessible. The owner is actively involved in day-to-day operations and conducts all homeowners' meetings personally. Regular inquiries from potential new clients indicate good market potential. However, the owner has selectively converted inquiries into contracts so far.

Additional Information

The business is offered for sale in the summer/autumn of 2025 as the company founder wishes to retire. A competent successor with practical experience in the property management sector is sought. In addition to professional competence, the buyer should bring a structured working method, reliability, and a service-oriented mindset.