SOLD!

Details

Vacation Rental Manager

Asking Price:
 $4,695,000
Annual Sales:
 $3,254,075
Cash Flow:
 $1,039,230
Inventory: N/A
FF&E: $25,000*
Real Estate: Not Included
Employees: 1 PT Owner
10+ FTE
Location: CO Mountain Resort Community
Reason For Sale: Retirement
*Included ** Not Included

 

Business Description

This is a great acquisition for a successful professional looking to apply their management, sales, and marketing skills. The key-employee team manages the day-to-day needs, freeing you to focus on enterprise growth strategies. This business has no special/technical licenses, and offers a vibrant social and professional environment. The business has an excellent mix of short-term property rentals that are a vital component of this internationally recognized summer & winter destination resort. They are experiencing consistent growth, and they enjoy a near 99% contract renewal rate with their longstanding homeowner clients. The business has an excellent location with high visibility and plentiful parking! The central office building includes a long-term lease, or it may be purchased separately. The strong employee team allows the owner freedom to pursue other activities, while still maintaining an active role! The business is experiencing growth in both the Winter and Summer seasons. Regional, national, and international guest visitation numbers are growing, as are the average daily rental rates (ADR’s)!

The surrounding communities and resorts continue to invest in infrastructure improvements, capacity, and amenities! The business is well positioned to expand its property mix, as well as add client services. Employees & computerized operations assist in day-to-day controls. The local economy and businesses are performing well in 2016 and 2017. This market is supported by strong AND GROWING visitation. The local, surrounding resorts generate more skier visits combined than either Utah or Vermont! A Qualified Buyer brings 25% down; SBA and Seller will assist with financing.

Excellent opportunity with a growing business in a World Class Summer & Winter Resort Community!

Represented by Thom Beckett. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.