Asking Price
$7,300,000
Gross Revenue
$2,335,976
Cash Flow
Not Disclosed
Overview
Business
Description
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.
Growth Prospects
he 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.
Sale
Reason for Selling
Owner is selling to pursue other business interests.
Training/Support
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.
Premises
Location
Wilmington, DE
Contact The Seller
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