Asking Price: $1,775,000 Gross Revenue: $5,528,514Cash Flow: $502,877EBITDA: $502,877Inventory: Not Disclosed included in asking priceFF&E: $7,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Specialty online furnished apartment rental company catering primarily to business travelers and others needing temporary furnished apartment space (no real estate included).
Company is based in a major mid-Atlantic city.
Industry is growing rapidly as AirBNB is driving broad awareness of furnished rentals for leisure and business travelers. Company is a perfect stand-alone acquisition, add-on play, or platform for subsequent industry roll-up. Owners have agreed to leverage their industry-wide contacts and their personal industry recognition and reputation to assist strategic buyer in executing a roll-up strategy.
Recent WSJ article (6/26/18) showcased the continued growth in the market. "Last year, revenue in the corporate-housing market—where apartments are typically leased for at least 30 days—rose 13% to $3.62 billion, according to the Highland Group, a hotel consulting firm that studied the market for the Corporate Housing Providers Association, a trade group. It was the fifth consecutive year of growth".
Company has 20+ years of uninterrupted profits and strong cashflow, a stable management team, and sterling industry reputation and recognition. Average five year adjusted EBITDA of $560,000.
About the Business
Number of Employees:
Building Sq. Ft.:
Centrally located standard office space
Market is bifurcated into large, national competitors and local players who are generally a similar size or smaller than this company
Growth & Expansion:
Launching a revamped website and real-time booking engine to address increasing trend toward self-booking
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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