Vacation Home Property Management - Winter Park Colorado

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Asking Price:
$175,000

Gross Revenue:
$254,000
Cash Flow:
$104,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
Grand County, Colorado
Year Established:
2016
Relocatable:
Yes
Home Based:
Yes
Franchise:
Yes
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Health
Training/Support:
The Seller will provide adequate training for the transition, while the corporate office will continue to provide long-term support and many back-office functions to ease the burden of overhead.

Listing Info

ID:
1636008
Ad Detail Views:
0

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Business Listed by

Bill Scott

Front Range Business, Inc.
License# FA.100049495

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Sponsoring Broker:

Paul W. Chambliss CBI
Front Range Business, Inc.
License# EA.001316072


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