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Extended Stay Room Rental Booking Engine
Location: United States -> Delaware
Industry: Technology – Internet Related > Application Service Providers




Business Summary

Well established, 8-year-old company offering housing solutions to students and professionals looking for temporary accommodations (30 days to 18 months). The business currently offers over 4,500 different accommodations. In addition, the business has provided housing to thousands of guests, from more than 110 different countries all over the world. Average booking fee is currently $550! Owners spend approximately 20 hours per week each managing and operating the business. The company has 8 virtual full-time employees. Success has been driven by demand for their model coupled with their highly advanced proprietary software platform. The largest opportunity for the business is expansion to other geographies that have high concentration of universities and tech companies. The platform is setup to be highly scalable without additional costs. In addition, the business has extremely strong third party verified reviews and ratings. Further the business can be operated anywhere in the world remotely. Further provides the new owner(s) with a complete turn-key business. Owner will offer strong transitional support driven by the specific needs of the buyer and in addition will provide long term consulting if desired. Owner is selling to pursue other business interests.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $2,335,976
Cash Flow:   $1,831,376
Cash Flow Type:  EBITDA
Seller Financing:  Yes

About The Business

Year Established:  2016
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Owner will offer strong transitional support driven by the specific needs of the buyer and in addition will provide long term consulting if desired.
Reason For Selling:  Owner is selling to pursue other business interests.




Print Listing Id: 700382756
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Related Searches: Application Service Providers  >  E-Commerce and E-Tailers  >  Internet Service Providers  >  Web Design and Software Development  >  Other Technology - Internet Related  > 

Also See: Franchise Opportunities > Franchise Resales > Delaware Businesses For Sale > Delaware Franchises For Sale > Delaware Business Brokers



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