$411,000 Income - Property Management, Manager-run, Home-Based
Asking Price: | $1,643,684 |
Gross Revenue: | $1,244,502 |
Cash Flow: | $410,921 |
EBITDA: | $410,921 |
This is a very profitable turnkey, manager-run, fully staffed, open and operating business in the Columbia, SC area. It has a Market Operations Manager in place that oversees the day-to-day operations of the business including guest relations, maintenance, cleaning, etc.
In addition, there is a huge opportunity to grow the revenue and income by targeting individual property owners to increase the number of properties to rent as these resales are concentrated on properties owned by multi-unit property companies (similar to a REIT).
This could easily be described as the perfect business! Here are a few of the reasons why…
1. High Income
2. Manager-run (Executive Business Model)
3. Home-based (or a small office if desired.)
4. No costly lease or buildout
5. High Net Margins
6. Highly Sustainable Revenue Stream
7. Recession Resistant
• This is mid-term “need to travel” rentals vs. “want to travel” short-term vacation rentals
8. Outstanding growth Potential - Opportunity to grow into Additional Revenue Streams
9. Low Labor Requirement – very few employees
10. Exceptionally clean P&Ls – no confusing numbers
What’s the best thing about short-term rentals?
You can find them everywhere! Also known as private accommodations, travelers can find short-term rental options on the beach, in the mountains, located in urban cities, on golf courses, and in rural communities. Not only does this provide travelers with a better option over hotels, but they offer an investment option in the private accommodations industry, which is on the rise.
Regardless of whether the real estate market is booming or busting, more than 1/3 of the nation's population (that's 100+ million people) are renters. And MANY of the owners of these properties NEED knowledgeable and professional property management services.
BRAND DESCRIPTION:
This is with an industry leading rental property management franchise that prioritizes property stewardship and creating memorable guest experiences.
TRAINING & SUPPORT:
Comprehensive initial training and lifetime support provided by an industry leading brand.
OWNER ROLE:
This is a manager-run business.
BUSINESS HIGHLIGHTS:
• Short-term rentals growing 10% per year.
• The company is the leader in tertiary markets.
- “Need to travel” vs. vacation rentals (e.g., construction, plumbers, businesspeople, plumbers, etc.)
• GREAT growth potential - Increase revenue by recruiting 3rd party property owners and individual property owners + control/reduce costs.
• The company owns the contracts with various PropCo (similar to a REIT) companies – property owning entities vs. individual homeowners.
- Act as property management company.
• Seller will have continued vested interest in the success and growth of each market.
- NOT “Buy and bye!”
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FINANCIAL PROPOSITION:
• Current Revenue – $1,244,502
• Current Income (AFTER royalties, expenses, fees, everything) - $410,921
• Asking Price - $1,643,684
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CAPITAL REQUIREMENTS:
• Minimum Net Worth: $1,000,000+
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NEXT STEP:
If you would like to learn more, you must request and complete a Non-Disclosure Agreement (NDA) to be in a position to receive full information.
Returning your NDA does NOT obligate or commit you in any way, and all information is completely confidential. There is NO cost or additional investment for our services, experience, and expertise.
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Disclaimer: We do not guarantee the financial performance of any franchise, licensed affiliate, or business opportunity. The decision to purchase a franchise, licensed affiliate, or business opportunity must be based on the buyer’s independent research analysis.