Short-Term Housing Company for Sale in Virginia

Not Disclosed, VA

Located in a Large Metropolitan Area

Asking Price: Annual Revenue:
$1,000,000 $6,000,000

Services: Hotel, Motel, Lodging

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RE: Short-Term Housing Company for Sale in Virginia Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $6,000,000
Net Profit: $300,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 391048609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer for sale a short-term housing company located in Virginia. The firm specializes exclusively in locating and preparing temporary apartment homes for people in transition who need temporary housing for a minimum of 30 days. The firm has a dedicated, experienced team of employees. Revenues and profits have grown each year during the 2017-2019 timeframe.

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Property Features and Assets:

Location is leased in large metropolitan market.

Market Competition and Expansion:

From 2014 to 2018 alone, corporate housing experienced a 12% combined annual growth rate from $64 billion to $101 billion, in comparison to the 3% hotels experienced in the same timeframe.

Reason for Selling:

Owner wishes to retire.

Additional Details:

  • The property is leased.
  • 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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