Short Term Housing Provider

This established provider of housing for residential and corporate clients has produced a strong cash flow for nearly a decade. Carving out a niche between B&B and the big corporate players, this business does not require a real estate license, although a real estate broker would love the leads that it generates for brokerage listings.

This is a semi-passive business; the owner works 20 hours per week, although there is plenty of growth opportunities for a new owner if they choose to spend more time and make more money.

The firm has a long long history with Triangle employers seeking residences for employees and it’s a scalable business model; take this model to another market and expand revenues and earnings.

The owner rents apartment units in the Triangle market and re-rents them to corporate or residential clients at a higher price. He also owns all of the furnishings for over a dozen units, keeping rental costs down.

Revenues and cash flows represented are a weighted average of the 2017-2019 financial statements.

Inquire today to learn more about this unique and established business opportunity in the real estate space.

Submit an inquiry by completing the “Contact the seller” box to get financials, pictures, and more after completing an NDA and a two minute phone call. Tax returns available in due diligence.

Inquire today!

DETAILED INFORMATION

Cash Flow Gross Revenue EBITDA FF&E Inventory Rent Established
$76,000
$350,700
N/A
N/A
N/A
N/A
2008

Real Estate: Leased

Facilities:  The business consists of 13 rented apartment units in prime locations in the Triangle market. (Home Based)


Competition:  Competes with single player Air B&B types and larger corporate non-local players.


Support & Training: Two weeks training included in sale price.


Reason for Selling: Retirement

neal isaacs vr business brokers of the triangle
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