MergerPlace

Major Property Management Company

New York (Suffolk)


  • Asking Price: $2,500,000
  • Gross Income: $1,500,000
  • Cash Flow: $550,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #197813
  • Established: 2008
  • Employees: 2

Business Description

Business Description:
THE ONLY COMPANY IN THE AREA WITH TOWN APPROVAL TO RENT SHORT TERM.



REVENUES UP 38% YOY. 2 WEBSITES THAT DRIVE NEW BUSINESS AND RESERVATIONS.

opportunity for growth as 80% of business comes from repeat clients.

All properties are under contract to be rented out.

Located in major getaway location.

Great relationships with local businesses who refer clients. Unlimited potential for additional properties.

Top rated on all travel sites.(AirBNB, Homeaway, tripadvisor)

Company is run by 2 owners.

They own 3 of the rental properties.

Would be willing to sell real Estate if interested.

Turn key business for anyone to walk right in.

Could be an absentee owner’s dream since 1 owner willing to stay on and run company.





Historical Summary:
Started in 2008 with just a couple of properties.

Has rapidly expanded to over 20 properties and clients from all over the world.


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: New York
County: Suffolk

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $2,500,000
Gross Revenue: $1,500,000
Cash Flow: $550,000
EBITDA: $550,000
Seller Financing Available: Yes

Property Information

Facilities:

Type of Location: Home Based Facilities: A VARIETY OF INDIVIDUAL PEOPERTIES

Growth & expansion opportunities:

UNLIMITED

Competition:

ALMOST NONE

Reason for selling:

RETIREMENT

Support & Training:

ALL TRAINING WILL BE PROVIDED

Contact Business Seller

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Business Listed By:

Mel Lisiten

LISITEN ASSOCIATES