Property Services businesses
Anybody know anything about these? I've seen some that are PE-owned, I know one that was started (on the side) by a very successful broker who ultimately 'retired' to just run the commercial property services business, something like 70 employees.
Whatchu mean by property services
I don't, but I'd imagine it'd be a really good business. You're basically connecting low to medium skill labor to institutional landlords and third-party managers. Seems like a pretty straightforward business and those contracts can be hundreds of thousands of dollars a year, the labor is generally pretty cheap, and the relationships (once won and developed) are likely pretty sticky. Seems like you could scale it pretty well in a good sized market and/or do some roll-ups once you reach some scale. Always about the balance between quality, level service, and cost.
Has to be a higher margin business than the property management business...
Obviously the part about swinging a hammer doesn't apply to the guy in my OP so there must be a way in his case.
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