Listing ID: 82949
SEMI-ABSENTEE Short-Term Rental Business for Sale
Vacation rentals in the Heart of Cajun Country! Sunbelt Business Brokers of Lafayette is pleased to offer this thriving short-term rental business for sale. The business manages up to fifteen properties at any given time, with accommodation options ranging from hostel-style to whole home rentals. Seller will provide training in this easy to operate semi-absentee business in order to ensure a smooth transition and continued success. All FF&E included in sale and leased properties are easily transferable to new owner. Call Tana Pippin today to learn more about being a part of the growing hospitality industry in Acadiana!
- Asking Price: $250,000
- Cash Flow: $73,000
- Gross Revenue: $135,000
- EBITDA: N/A
- FF&E: $15,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Other business opportunities
The business was started in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the true reason and the one they tell you may be 2 completely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, yet rather, make use of the seller's response along with your general due diligence. This will repaint a more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money in order to cover points like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that revenue margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in brand-new customers? Many times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Specific aspects such as new competitors sprouting up around the location, roadway construction, and also personnel turnover can affect repeat consumers and also negatively affect future earnings. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the chance to construct a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional average family income effect future income prospects?