Hawaii Vacation Rentals Business

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:
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Strong reputation developed over 17 years
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Rental Unit Growth – over the last three years, company has grown from 18 to 39 rental units
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Diversified over 11 different property locations
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Revenue Growth – over 50% compounded annual growth rate over the last 3 years
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2018 Cash Flow (SDE): Management company buyer - over $290,000; Owner-operator - over $181,000
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Great brand recognition and preference
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Many repeat customers - High level of service
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Great relationships with both owners and guests
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Hawaii licensed
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Easy to use and productive guest reservation bookings system
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Excellent accounting system and proper management of Client trust account
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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