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DealProspect/Listings/Property

Property Management Business, Bay of Plenty

Property Management

ActivePropertyB2C
Asking price
~$223,338
indicative from comparable listings of this type and size · typically within ±50% · Projected annual management fee income · NZD
Revenue
$134,000
Indicative · Projected annual management fee income
Earnings (est.)
~$70,755
Estimated · comparable listings of this type and size · from broker forecast
Implied multiple (assumed)
~3.2×
Assumed · estimated price ÷ estimated earnings (as advertised)
Brief

An established property management business in a sought-after Bay of Plenty coastal community, offering recurring income and future growth potential. It provides residential property management, holiday home management, and casual letting services, giving it a balanced revenue base across permanent and holiday accommodation markets. The business manages 47 long-term tenancies and 29 holiday homes, supported by established systems and processes and a strong online reputation. Situated in a popular coastal destination with ongoing residential development, it is well positioned for portfolio expansion and may suit an agency seeking growth through acquisition.