This profitable vacation rental business offers a great lifestyle and it is a fun business to operate. Earnings are over $110K with combined gross sales of $ 330,500. The business is established for over 25 years representing over 60 units located throughout Maui. The business has a gorgeous ocean view office that is commercially zoned to accommodate the efficient staff of 4 employees. The properties this Vacation Rental business manages ranges from Oceanfront, Ocean View, and Garden view units. The condominium owners are very loyal to this Vacation Rental Business for its professionalism, integrity in doing business, and true Aloha spirit.
This Business is unique in that the multiple for this type of business ranges from 4-7 times earnings and this business is listed at 3.75 times earnings. The added bonus is the Commercial property that comes with the business which is very rare to find.
Ask about Meridian Financial Inc. funding resources to package a loan for this type of transaction. Contact Carrol Hall toll free for more details 877-878-8744.
About the Business
- Year Established:
- Number of Employees:
- Over 900 Square feet of Commercial space with a beautiful ocean view. Office has 6 workstations, spacious private conference room and plenty of storage facility. Business is sold with the Office Condo.
- Market Outlook/
Maui News Article: Tourist arrivals grow; spending grows more – August 2, 2006 Maui News By HARRY EAGAR, Staff Writer Tourists have opened their wallets this year to the tune of nearly $1.8 billion in Maui County, an average of almost $10 million a day. In June, they spent even faster. Department of Business, Economic Development & Tourism numbers show that visitors spent $333.2 million in June, or more than $11 million a day. For the first six months of 2006, tourism numbers are up 9.2 percent while tourist spending is up 20.1 percent. The other Neighbor Islands are getting the higher head counts but not the extra money. And Oahu is down in head count and just even in spending.
About the Sale
- Reason For Selling:
- Seller Financing:
Seller Financing available. Ask about Meridian Financial Network, Inc. for funding packages for this type of transaction.
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