Breckenridge CO Vacation Rental Property Mgmt Co 852K Rev 253K Earning
Breckenridge Vacation Rental Property Mgmt Co 825K Rev 253K Earn
A vacation rental property management company with companion cleaning and maintenance service company with a high profit margin, expandable model, lots of recurring revenue, and a proven marketing system to grow the company.
The 2015 revenues were $852,368 with adjusted earnings of $253,018 with most of the revenue recurring every year.
The business was started 11 years ago with the owner's personal 3 units and it has grown to 52 units by mostly reputation. The business is now well established and growing at 11% a year on average and they have only just started to make a dent in their market. They have less than 5% of the market in their area. This package is for both companies because it would not make sense to buy one without the other.
Located in the Breckenridge, Dillon, Keystone Area in a very popular Resort town.
Here is the link for the Non-Disclosure Agreement, “NDA”: http://companybroker.com/buyer-profile-jeff.htm If it is blue you should be able to click on it, if not please cut and paste that to a URL line and it will give you the NDA which will allow me to automatically send you the Full Sales Package containing a detailed data room with financials and a Comprehensive Video on the entire operation and a full interview with the owner by clicking on the secure web link to the NDA. If you have any questions or comments on the NDA please email me at email@example.com or call me at 303-905-7607. Thank you.
Sales Price: The sales price is $790,000 plus inventory which is expected to be less than $30,000. The sales price INCLUDES approximately $20K in equipment. This means the business is priced at 3 times earnings because a new full time owner can make a big difference and it is an easy and predictable business to understand, grow, and maintain. This business will qualify for a bank loan based on its profitable history. For more specific information, please call Jeff Chapman at 303-905-7607 or email questions to firstname.lastname@example.org.
This company manages the advertising, booking, calendar, cleaning, repairs, etc. on several high end units. The company also manages the key distribution, cleaning, and maintenance for owners that self-manage their units. This allows for growth and revenue from two different avenues. The owner most oversees the managers and maintains relationships with the unit owners. She mostly has to be available for communications with the unit owners. The new owner does not need any industry experience and needs no special licenses or permits besides a basic local business license. The owner has also created her own “system” which makes this a very easy to run and grow and to teach a new owner. She even has a website with all policies, procedures, documents, etc. which enables new employees and the new owner to have easy access to training and resources.
The company has a high focus on customer service, quality maintenance and cleaning and is very responsive to both the unit owners and guests' needs. The company utilizes a one year automatically renewing contract with the unit owners and historically has only lost a unit if it sells to a new owner. It has not been a big effort to finish each year with more “net” units than the year before. A new owner can do many things to increase this and grow this company faster without having to try risky or new ideas or spend a lot of money.
Marketing and Advertising: The company runs online ads periodically and sends focused area soliciting mailer postcards. This is a very effective low cost way to grow the company that has proven to work. They also have advertised with Google Ads in the past. They are also currently updating their website.
Growth Potential: The ads work but there is an opportunity to continue to grow this business by being more present and attending local events, meetings, etc. A new owner can also expand this model by expanding their territory into nearby towns and still manage the business from their current offices.
Employees: The company employs 8 to 12 people depending on the season. They have 3 representatives who book properties, 1 sales manager, 1 operations manager, 1 housekeeping manager, 1 handyman, and 2 to 6 housekeepers depending on the time of year. The owner also hired a replacement for herself last fall who stayed only 6 months. During those 6 months, the owner was training her and was allowing her to handle the majority of her responsibilities. The new manager had left a nearby home owner's association and was offered a similar job again which she took. This was a waste of time and money which also distracted the focus on growth. The business is back to normal and the owner will transition the business and can train a new owner very easily.
Competition: There will always be competition but the company has now established itself as a high end property manager with a top reputation whose services are priced in the middle of the market.
Location: They have 2 locations. One is 365 square feet and is located in town. The cleaning business is located close by in a more commercial area in a 1,2600 square foot building better suited to its needs. There is a commercial washer and dryer along with all their maintenance/cleaning equipment and inventory is there. Both locations will be easy for the new owner to secure a new lease and/or take over the old lease. It is a very popular town for both locals and tourism with great restaurants, skiing, rafting, fishing, hiking, biking, schools, etc.
Other Considerations: They have an accountant and use QuickBooks. The books are detailed and in order. The equipment will be included in the sale but unused inventory will not. The owner is confident in and will help ensure a smooth transition of the business. The owner is very interested in seeing the business prosper in good hands. The hard work is done and the systems are in place. She believes that the business will grow just executing the model. The seller will offer full warranties, indemnifications, and further states there are not any legal or other issues of any kind that they are aware of that are pending. This is a mostly turnkey profitable business. The model is just waiting for a new owner to step into it.
Thank you for your interest in this business. Please email detailed questions to me at email@example.com or call me at 303-905-7607. I will be happy to set up a meeting or phone call with the owner.
Jeff Chapman Eisnaugle
Company Broker Group, LLC.
This is prepared by Company Broker Group with information provided by the Seller. It was not created by the seller and neither the Broker or the Seller are responsible for its accuracy. Buyers are responsible for their own due diligence. Neither the Broker or the Seller will indemnify or guarantee any forward looking statements or projections.
Different Brokerage relationships are available which include Seller agency, buyer agency, or transaction – brokerage.
Brokerage disclosure to Buyer or Tenant of Property. Definition of working relationships.
Seller's Agent: a seller's agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty, and fidelity. The agent negotiates on behalf of and ask as an advocate for the seller. The seller's agent must disclose to potential buyers all adverse material facts actually known by the seller's agent about the business/property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.
Buyer’s Agent: a buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of an accident advocate for the buyer. The buyer’s agent must disclose to all potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction. A separate written by a Buyer agreement is required which sets forth the duties and obligations of the broker and the buyer.
Transaction broker: the transaction broker assist the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care and the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction – broker concerning the property or a buyer's financial ability to perform the terms of a transaction and whether the buyer intends to occupy the property. No written agreement is required.
Company Broker Group, LLC, and Jeff Chapman Eisnaugle will be operating solely as a “Seller Agent” in all transactions.