EXECUTIVE SUMMARY

 

Long tenured and highly regarded Hawaii Vacation Rental Company with oceanfront and beachfront condominium properties is offered for sale. The company currently has 35 units in their rental pool and revenues have increased yearly.  Key investment highlights are:

 

• Strong reputation developed over 17 years

• Rental Unit Growth – over the last three years, company has grown from 18 to 39 rental units

• Diversified over 11 different property locations

• Revenue Growth – over 50% compounded annual growth rate over the last 3 years

• 2018 Cash Flow (SDE): Management company buyer - over $290,000; Owner-operator - over $181,000

• Great brand recognition and preference

• Many repeat customers - High level of service

• Great relationships with both owners and guests

• Hawaii licensed

• Easy to use and productive guest reservation bookings system

• Excellent accounting system and proper management of Client trust account

• 2019 Revenues & Bookings growth – Fee increases instituted in late 2018 for damage waiver, and cleaning, plus the recent addition of 10 new units will significantly increase 2019 revenues and profits

 

COMPANY

Listing ID: Vac Rental - P

Location: Hawaii, Island Confidential

Type of Entity: Corporation

Year Established: 2001

 

OFFERING SUMMARY

Asking Price:  $750,000

Non-Compete:  5 years on Island

Training:  2 weeks;20 hrs./wk.

Sale Reason:  Moving off Island

 

FINANCIAL SUMMARY

    2018

Revenue: $647,051

SDE: Management Company Buy-out $290,708 (based on integration savings)

SDE: Owner Operator:  $181,095

Seller Financing: Will consider a small amount

 

SDE = Seller’s Discretionary Earnings