For Sale is an 8-year-old Missouri vacation rental management company offering complete services from procuring furniture and designing the property to listing it on marketing websites, managing the guests, cleaning, maintaining, and buying supplies. The company has exceptional client and guest services, fantastic cleaning and maintenance teams, and an average 4.7-star rating among Google, Facebook, and Yelp. Revenue and earnings increased due to raising client and guest fees in 2023.
The company manages over 100 houses in a city with over 20 million tourists annually and is home to several large corporations bringing in visitors. Real Estate Investors are 65% of the listing owners, and individuals with a second home are 35%. Property lifetime occupancy rates are around 50%. Each property averages 15 to 16 booked nights per month, and each customer averages 3.2 nights per stay. Nearly 15% of bookings come directly from the website, and the remainder comes through sites such as VRBO, Airbnb, and HomeAway.
The company averages 30 W2 employees with several vital employees, including 7 Managers. The buyer needs to be willing to build relationships with current clients, be customer service oriented, network with Real Estate Investors, and have skills tracking finances and cash flow.
|2020||2021||2022||2023 (thru 10/6/23)|
|Revenue||$ 784,363||$ 1,077,867||$ 1,894,909||$ 1,577,286|
|Earnings||$ 94,329||$ 203,555||$ 310,437||$ 521,766|