Looking for a Business Broker in Ontario

[InvestagainInc]

Hi there!

I am looking for a business brokerage in Ontario that can help me find a property management portfolio to purchase.

Please let me know if you know of anyone that has a brokerage or a property management business they might be looking to sell.

Thanks!

 

[housingrental]

How are property management business`s valued and marketed?

 

[Nir]

Hey Adam, maybe sell him yours, sounds like you had enough. . just joking!

 

[InvestagainInc]

QUOTE (InvestagainInc @ Feb 8 2009, 06:16 PM) Hi there!

I am looking for a business brokerage in Ontario that can help me find a property management portfolio to purchase.

Please let me know if you know of anyone that has a brokerage or a property management business they might be looking to sell.

Thanks!


Hi Adam,

Great question. It all depends on the business and there are no standard valuations; however there are a few things that I would look at:

• Financials (BS and IS) for the last three years (if available)
• Goodwill
• Existing ContractsCurrent and potential service offeringsOverheadProfitability

Please let me know if you want to chat more about this on the phone.

Regards,
Scott

 

[housingrental]

I like this idea
I`d like to have a full time rental agency

QUOTE (investmart @ Feb 8 2009, 11:55 PM) Hey Adam, maybe sell him yours, sounds like you had enough. . just joking!

 

[housingrental]

Thanks Scott
I run an unsuccessful property management company
Most likely the major failure has revolved around I have no experience or training in property management, running a business, or client service (like none, I never worked as a property manager before running a pm company, and have never taken any pm courses)
and people naturally dislike me
What is BS and IS ?
The current incarnation was just incorporated in April 2008 and I didn`t even switch over most of my chequing to it until recently...
Is my company worth anything?



QUOTE (InvestagainInc @ Feb 9 2009, 10:43 AM) Hi Adam,

Great question. It all depends on the business and there are no standard valuations; however there are a few things that I would look at:

• Financials (BS and IS) for the last three years (if available)
• Goodwill
• Existing ContractsCurrent and potential service offeringsOverheadProfitability

Please let me know if you want to chat more about this on the phone.

Regards,
Scott

 

[asifghayoor]

I think BS is balance sheet and IS is income statement.

Asif


QUOTE (housingrental @ Feb 9 2009, 11:19 PM) Thanks Scott
I run an unsuccessful property management company
Most likely the major failure has revolved around I have no experience or training in property management, running a business, or client service (like none, I never worked as a property manager before running a pm company, and have never taken any pm courses)
and people naturally dislike me
What is BS and IS ?
The current incarnation was just incorporated in April 2008 and I didn`t even switch over most of my chequing to it until recently...
Is my company worth anything?

 

[dplummer]

I do know of a Property Management co. for sale. It`s in the Collingwood area. Is this too far north from Toronto for you?

Doug

 

[housingrental]

Thanks Asif I should have caught that

QUOTE (asifghayoor @ Feb 10 2009, 01:03 PM) I think BS is balance sheet and IS is income statement.

Asif

 

[InvestagainInc]

QUOTE (dplummer @ Feb 10 2009, 02:35 PM) I do know of a Property Management co. for sale. It`s in the Collingwood area. Is this too far north from Toronto for you?

Doug


Doug,

Yes I am interested. Please feel free to email or call me when you have a minute to discuss further.

Regards,

 

[InvestagainInc]

QUOTE (housingrental @ Feb 9 2009, 11:19 PM) Thanks Scott
I run an unsuccessful property management company
Most likely the major failure has revolved around I have no experience or training in property management, running a business, or client service (like none, I never worked as a property manager before running a pm company, and have never taken any pm courses)
and people naturally dislike me
What is BS and IS ?
The current incarnation was just incorporated in April 2008 and I didn`t even switch over most of my chequing to it until recently...
Is my company worth anything?

Adam,

Please feel free to email or call me to discuss your business if interested. Your business value is determined by the factors I listed and more. Happy to talk with you about it.

Regards,