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Popular Nevada Based Vacation Rental Property and Business SC2067


Popular Nevada Based Vacation Rental Property & Business SC2067

 Financial Information

  • Asking Price: $4,500,000
  • Gross Revenue: $250,001
  • Cash Flow: $154,270
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $200,000
  • Inventory: N/A
  • Financing: Yes

 Business Location

  • Douglas County, Nevada

Primary Business Category: All Other Traveler Accommodation

This Nevada Based Vacation Rental Property and Business is a Nevada Limited Partnership and was started 5 years ago and has been under current ownership since inception. This 10,000 square foot property and business sit on 1.5 acres and are located at 6,000 feet elevation near Reno and Lake Tahoe and boasts amazing views all around! With 6 private suites each with a private bathroom plus 4 additional sleeping rooms, large groups can stay comfortably at this location. Located close to incredible hiking and mountain biking trails, as well as close to the RNO airport and Mount Rose ski resort. It comes fully outfitted with furniture, appliances, kitchen utensils, washing machines and dryers, grand piano, bikes, 7 televisions, etc. There is a full gym with weight machines, treadmill, elliptical trainer, etc. A 12-passenger sprinter van is also included. This mountain escape is set up to be a highly profitable vacation rental from the start.

Competition Description

As far as competition, there is not a significant amount given the size and location of the space in the area. It is perfect for family reunions, company retreats, large family celebrations and gatherings, yoga, and wellness retreats, etc.

Growth / Expansion overview

A portion of the business directly comes from word of mouth and repeat customers, but they perform marketing on VBRO along with their own website. Typically, at any given time they are booked out up to 4 to 5 months, dependent on the season. Utilization of the facility for external customers is roughly 50% (the Sellers use for personal use and friends/family as well for a portion of the time), so the new owner can easily increase revenue by utilizing more of the facility for external guests. They could also expand with more marketing efforts on different platforms.

Support / Training Comments

The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner to discuss the vacation rental property business.

Financing Comments

Seller is willing to finance up to 75% of the purchase price at an amortization rate of 30 years at 6% for 5 years, with a balloon payment due at the end of 5 years. The amount financed will be based on the amount of the purchase and the quality of the buyer.

Reason For Sale

Seller is looking to move out of country.

  • Home Based: No
    •  
  • Year Established: 2016
    •  
  • Franchise: No
    •  
  • Year Acquired: 2016
    •  
  • Willing to Train: Yes
    •  
  • Relocatable: No
    •  
  • Required Licences: 
  • Is Property Leased: No
    •  
  • Real Estate Available: Yes
    •  
  • Real Estate Included: Yes
    •  
  • Real Estate Value: $3,500,000
    •  
  • Real Estate Asking: $3,500,000
    •  
  • Days Open: Monday - Sunday
    •  
  • Hours Open: 24/7
    •  
  • Fulltime Employees: 0
    •  
  • Part time Employees: 0
    •  
  • Is Management Staying: No
    •  
  • Distressed: No
    •  
  • Monthly Payroll: N/A
    •  
  • Building Size: 10,000 sq. ft.
    •  
  • Monthly Rent: ON REQUEST
    •  
  • Lease Miscellaneous: Lot size is 1.5 acres


Listed By: Brett Sargent

Background information

Reference:

SC2067

Year established:

2016

Reason selling:

Seller is looking to move out of country.

Finance

Sales:

$250,001

Operations

Employees:

Full time Employees: 0 Part time Employees: 0

Equipment:

Upon request

Inventory:

Upon Request (FF&E (Included): $200,000)

Premises

Facility:

Lease Miscellaneous: Lot size is 1.5 acres

Square footage:

10,000 sq. ft.

Rent and lease terms:

Monthly Rent: ON REQUEST

Location:

Douglas County, Nevada

Opportunities

Growth:

Growth / Expansion overview A portion of the business directly comes from word of mouth and repeat customers, but they perform marketing on VBRO along with their own website. Typically, at any given time they are booked out up to 4 to 5 months, dependent on the season. Utilization of the facility for external customers is roughly 50% (the Sellers use for personal use and friends/family as well for a portion of the time), so the new owner can easily increase revenue by utilizing more of the facility for external guests. They could also expand with more marketing efforts on different platforms.

Market:

Competition Description As far as competition, there is not a significant amount given the size and location of the space in the area. It is perfect for family reunions, company retreats, large family celebrations and gatherings, yoga, and wellness retreats, etc.

Price and terms

Price:

$4,500,000

Financing:

Seller Financing: Yes Down Payment: NEGOTIABLE

Training:

Support / Training Comments The Seller is willing to provide training at 30 hours per week for 2 weeks for the new Owner to discuss the vacation rental property business.