Property Management Company including Real Estate

Not Disclosed, GA

North Georgia Mountains

Asking Price: Annual Revenue:
$700,000 $789,365

Services: Hotel, Motel, Lodging

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RE: Property Management Company including Real Estate Broker: Jeff Merry
License #: 242824

Quick Facts

Asking Price: $700,000
Annual Revenue: $789,365
Net Profit: Not Disclosed
Cash Flow: $181,086
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $300,000
Year Established: 1996
Employees: 1
BBN Listing #: 613628642
Broker Reference #: TBH541

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Business Overview:

Ideal opportunity to own your own small business similar to Airbnb! Live in and work from this upscale second home resort community and enjoy laidback living and fresh mountain air! Founded in 1996 and located in the beautiful mountain town in North Georgia, the business is a well-established property management company that includes Real Estate. The current owners are a husband and wife team that book reservations, oversee the condition of the properties, and work with maintenance vendors. The business has one clerical employee and housekeepers that are paid as 1099. They also have established maintenance vendors (HVAC, Plumbers, and Electricians) that are paid by invoice.

The company manages 26 luxury cabins that range from one bedroom to five bedrooms. All properties including the owner’s home/office are located within a second home resort community. Because the properties have easy access to each other makes it perfect to accommodate large groups such as weddings, family reunion church retreats etc. Property owns contract with the business to rent out their second homes or investment properties when unoccupied. This could be any amount of time - one week – seasonal - year-round; however, property owners must meet the company’s strict cleanliness criteria.

The business stages all cabins with supplies needed (linens, dishes, cooking necessities, bathroom essentials etc.) for the renter so that the property owners personal belongings are not used. The property management company retains/is paid 35% of the total rental fee. Renters apply a 35% deposit when renting a property – the balance is paid before check in. Properties are self-entry with keypad.

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Property Features and Assets:

The business is operated from a 3,200 square foot three-story home situated on one acre within the property management vacation community that is included in the sale. The main floor includes open floorplan with fireplace, living room, kitchen, dining room, and bathroom. Third floor has a spacious king master with ensuite. The home has two offices, storage room, assembly/prep room, bath/laundry located in the daylight downstairs with private business entrance. The home is valued at $300,000.

Market Competition and Expansion:

There exists an immediate potential to expand revenues by implementing an aggressive marketing plan to attract large groups. A new owner could also add more individual properties within or outside the current community to boost revenues.

Reason for Selling:

Health Reasons

Additional Details:

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

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