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BUSINESS FOR SALE - PROFILE #  42740034

Lake Front Lodging Business- Vacations and Stays
Lake Conroe, Texas

Asking Price: $620,000   Down Payment: $620,000  
Gross Revenue: $67,493   Adj. Cash Flow*: $28,020  
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Executive Summary
Great online business opportunity secured by real estate.  The target is a multi-unit vacation rental business of waterfront condos on Lake Conroe.  Price includes 4 2-bedroom condos located adjacent to a boat and "toy rental" center, the business enjoys strong summer sales with repeat clients and winter Texan longer stays to round out the year.  Nice enough to live in yourself, this is a fully furnished, turnkey business.  Buy this business with your self-directed 401K to realize tax savings as the current owner is doing or utilize as a bolt-on to an existing rental business.  Complete website with virtual tours available for clients, cleaning staff in place, and limited involvement from business owner.  Although currently sold through a single online vacation site, there are great expansion opportunities through AirBnB, Home Exchange and other rental sites.

Acquisition Highlights

  • Utilizes VRBO as his online marketing arm. Needs to expand to include Airbnb and other rental marketing sites.
  • Self check-in is available, owner only works between 6 - 10 hours per week.
  • Complete financials in place, currently owned in a self-directed 401K.
  • Marinas, golf courses, country club, boat rental, swimming, water sports
  • Financing Information:  Owner will finance with 75% down
  • Training Information:  1 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2017 Inventory:
Employees: 0 Furniture, Fixtures & Equipment: $40,000 Included
Real Estate: $580,000 Included
    Total Assets Included in Sale: $620,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Ardita Shahini
Phone:  (713) 955-2188
E-mail:  ardita@vrhtown.com
VR Business Brokers-Houston TX
507 N. Sam Houston Pkwy E.
Suite 535
Houston, TX 77060
www.vrhtown.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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