Asking Price: $175,000 Gross Revenue: $254,000Cash Flow: $104,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
This very unique property management company provides services for homeowners that rent out their vacation homes. Long term clients are already established, but there is still much growth potential.
It is very hard to find a year-round business in a resort town that isn't a restaurant or retail clothing store. Here's an opportunity where you can enjoy living the resort lifestyle with a flexible schedule, scenic views, and the freedom of owning your own business in the booming vacation rental industry.
Vacation home owners needs a local person that they can trust to care for their investment. This business was specifically designed to serve owners seeking an alternative to costly, traditional property management firms. This is a franchise with proven systems and an exclusive territory with over 270 other offices nationwide. Almost all Colorado ski town territories are taken and are doing very well. You will be your own company, but will enjoy having over a dozen associates in other towns that pool resources and share branding.
About the Business
Grand County, Colorado
This is a home-based business. All of the employees are subcontractors. Much of the management work can be done from a cell phone. Because this business cares for vacation properties that are not occupied, the owner/manager can actually schedule and monitor work at the vacation home on a notebook computer or cell phone.
There are other property management firms that only offer full-service programs - bookings to maintenance to ground services. This company is very unique in that a client can choose from an a la carte menu of services. If the home owner wants to do the bookings to save money and/or because they enjoy the guest interaction, this company can take care of the hard-to-find service duties like housekeeping and maintenance.
Growth & Expansion:
The area continues to grow in popularity for people wanting to own a vacation property, which they may only use a few times during the busy season - so they can rent it out to cover their mortgage. There is also a growing number of real estate investors who regard this as a very profitable venture. The clients sign one-year contracts and tend to stay on board for many years, so the selling effort is quite low. The company continues to add more services to increase the revenue from each client.
Vacation Home Property Management - Winter Park Colorado
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