Property management company in the Cologne government district for sale

Financial Data

A property management company with approximately 2,200 units based in North Rhine-Westphalia is being sold. The company has been in the market for many years and is well-known in the operating region. The revenue for 2023 is approximately 680,000 Euros, while the revenue for 2024 is around 625,000 Euros. The profit for 2023 amounts to about 140,000 Euros and the profit for 2024 is approximately 115,000 Euros, each before taxes and depreciation.

Business Model

The company manages both WEGs (homeowner associations) and rental management, and offers services for residential and commercial properties. The WEG meetings are conducted by the respective supervising employees. In the last two years, a significant amount has been invested, particularly in office space, personnel, and digitalization, ensuring that the company is well-positioned for the future.

Market Position

The company is well-known in the North Rhine-Westphalia region, particularly in the Cologne government district, and has all the necessary certifications and permits. It is being sold due to personal circumstances, and a short-term handover should be possible.

Additional Information

There are 6 to 10 employees working in the company. The asking price has not been disclosed. There are no international activities.