Listing ID: 72400
BOUTIQUE FULL SERVICE VACATION HOMES MANAGEMENT & RENTALS COMPANY
MINI AIRBNB / VRBO
FULL SERVICE ON-LINE VACATION RENTAL & MANAGEMENT COMPANY PROVIDING LUXURY HOMEOWNERS WITH TURN-KEY RENTAL INCOME. Steady year over year growth with a consistent high level of profitability. Takes all the headaches out of managing an owner’s vacation rental property.
– Located in a major vacation & getaway area.
– All Properties consistently under contract to be rented out
– Great Relationships with local businesses & brokers for client referrals
– High levels of repeat clientele
– Top rated on all travel sites (Airbnb, Homeaway, VRBO, Trip Advisor)
– Leveraging all relevant on-line advertising& social media platforms
– Unlimited potential for growth & new properties & areas
Established in 2008 with two partners who provide owners with a premium full service experience. Everything an owner needs to maximize their vacation homes rental income.
– The company creates all property listings
– Provides all marketing (their own site as well as VRBO, Airbnb, Trip Advisor, Homeaway and all relevant worldwide sites)
– All Reservation Management Services
– Guest Vetting
– Review Management – encourage & cultivate guest reviews & feedback to increase future bookings
– Professional Cleaning & Maintenance for properties
– Concierge Services for renters
- Asking Price: $4,250,000
- Cash Flow: $936,521
- Gross Revenue: $3,002,880
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This business is easily relocatable. Owner is working out of a home office. (Home Based)
Full turn–key transition support will be provided. One owner would be open to continuing on with the company after the sale. This business can operate with absentee ownership.
This Business Is Home Based
The venture was established in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. However, the true reason and the one they tell you might be 2 entirely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is very important that you not rely completely on a seller's word, yet instead, use the seller's answer combined with your total due diligence. This will paint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new customers? Most times, businesses have repeat clients, which form the core of their everyday revenues. Specific factors such as brand-new competition growing up around the location, road building and construction, and employee turn over can impact repeat consumers and also negatively impact future profits. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the chance to construct a returning customer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the neighborhood typical household income influence future revenue potential?