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Property Management Company In Menorca For Sale

Mahon, Menorca, Spain
Asking Price:
€100K - €250K Furniture / Fixtures included
Sales Revenue:
€100K - €250K
Cash Flow:
€50K - €100K

Looking for a change of lifestyle in the sun?

A fantastic business opportunity has arisen to purchase a well-established property management company (villa maintenance, cleaning and project management) based on the South of the beautiful Balearic island of Menorca.

We currently service and prepare 60 properties ranging from apartments to multi-million euro villas, see services offered below:

Services currently offered include:
- Property and Project Management
- Complete Cleaning Services - Spring cleans, Changeovers, Maid service, Winterisation of
Properties (all cleaning operations currently carried out by seasonally hired employees)
- Laundry and Linen hire, Cot/Highchair hire, Fold-down Bed hire and a Comprehensive Food Pack
Service
- Swimming pool and Garden Maintenance (Sub-contracted)
- General Repairs and liaison with tradesmen on behalf of clients
- Translations and Tourism Licences organised on behalf of clients
- Organisation of Insurances: Home, Cars and Boats
- General Administration

The Full Price of the Business Includes:
- A fully functioning, newly updated website and bespoke email addresses
- 2 vans (with no finance implications attached)
- All furniture fixtures and stock: 5 desks, 6 chairs, 5 metal storage cupboards, 2 filing cabinets, 2 jet
washers, a leaf blower, 2 step ladders and 2 ladders, 6 cots, 4 high chairs, 3 table top attachable
baby seats, 2 pushchairs,
- All linen includes: Bed linen, baby linen, towels and beach towels, to accommodate all rental
properties we service
- Cleaning chemicals and cleaning supplies
- 3 computers, 2 printers, 3 work phones (Iphones)
- Kitchen appliances: Microwave, kettle, coffee machine, fridge freezer and water filter system
(rented)

Please get in touch for any further information required.

Property Information

Real Estate:

Lease

Lease Terms:

TBA

Leasehold Rent:

€7,200 per annum

Living Accommodation:

We can help you find rented accommodation to start with on the island if necessary and there is the possibility of renting one of two properties both with pools.

Location:

Located in offices just outside the capital city of Mahon, Menorca

Premises Details:

Rented office 143 sqm.

Business Operation

Expansion Potential:

There is fantastic potential to expand and develop the company.

Reasons for selling:

Sale due to personal reasons.

Trading hours:

Summer Season Hours: 9 :00 to 17:00
Winter season Hours:10:00 to 14:00

Employees:
2 owners, with 1 full time administration employee and 5 seasonal employees (1 on a permanent contract)
Years established:
35

Other Information

Support & training:

We offer a 3 month handover (longer can be negotiated) and an introduction to all suppliers and clients. We will also offer help locating properties around the island if necessary.

Furniture / Fixtures value:
€20,000 - included in the asking price
Inventory / Stock value:
€7,000
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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