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Asking Price:	$995,000 USD USA Dollars
Business for Sale Industry:	Services: Hotel, Motel, Lodging
Reason for Selling:	Other Interest
Year Established:	1993
# of Employees:	10
Yearly Revenues:	$510,000
Yearly Cash Flow:	$120,000
Yearly EBITDA:	$120,000
Yearly Net Profit:	$10,000
Yearly Gross Income:	$510,000

Business for Sale Overview:

Licensed vacation rental and property management company on the North Shore of Lake Superior. This company has demonstrated growth and is well positioned in the marketplace to capture new inventories of properties for it's rental and management portfolio.

Property Features and Assets:

Vacation rentals currently include private vacation homes, cabins, condos, townhomes, motel with centralized office location on 6+ acres included in the sale, and more. Currently exceeding 50 rental units, the management of these vacation homes, etc involves the marketing of the properties, providing guest check in & check out services, bookeeping, housekeeping, maintenance, and distributing a negotiated amount of the rents back to the property owner. This provides the opportunity for owners to offset ownership costs through rental income generated when their unit is not in use.

Market Competition and Expansion:

This business provides significant opportunity to grow without the burden of capital expense to build or aquire by increasing the rental pool of vacation properties.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.