Extended Stay Room Rental Booking Engine

Relocatable, NA


Asking Price: Annual Revenue:
$5,100,000 $1,464,019

Technology: Business Services (B2C)


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RE: Extended Stay Room Rental Booking Engine Broker: Robert Young
Owner Financing is Available!
Yes

Quick Facts

Asking Price: $5,100,000
Annual Revenue: $1,464,019
Net Profit: $1,087,267
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 8
BBN Listing #: 828119134
Broker Reference #: Stay973

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Business Overview:

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.

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Property Features and Assets:

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.

Market Competition and Expansion:

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.

Reason for Selling:

Owner is selling to pursue other business interest

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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