SOLD!

Details

Resprt Property Rental

Asking Price:
$1,099,000
Annual Sales:
$1,270,000
Cash Flow:
$371,000
Inventory: $10,000
FF&E: $55,000
Real Estate: Not Included
Employees: 1 FT Owner
6+ FTE
Location: CO Mountain Resort
Reason For Sale: Retirement

 

Business Description

This Property Rental & Management Business is a great acquisition for a successful professional looking to apply their management, sales, and marketing skills. It’s a specialty-service business that offers a vibrant social and professional environment. The key-employee team (6+) assists the owner with day-to-day operations and maintenance. The business manages an excellent mix of rental properties that are central to several internationally recognized winter and summer destination communities. Their annual homeowner contracts have a high renewal rate, with longstanding and repeat clients. Business has an excellent location with high visibility and plentiful parking! The centrally located office comes with a long-term lease or the real estate may be purchased. The owner plays an active role, but enjoys substantial freedom due to the efforts of the strong employee team! Business is experiencing growth in both winter and summer seasons. This business’s service mix is unique in this area, and faces limited competition. Opportunity for continued growth is strong!

The local communities and resorts continue to invest in infrastructure improvements, capacity, and amenities, which support this company’s growth! Business is well positioned to expand their property mix and add supplemental client services. Employees and computerized operations assist in day-to-day controls. Local economy and business have performed well during 2014 – 2017, building on their 10+ year company history. Local area generates more ski-users than the State of Utah or Vermont! Qualified Buyer brings 25%, while SBA and Seller may assist with financing.

Excellent opportunity with a growing business in a World Class Colorado Mountain 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.