Back to Listings PaaS - Nationwide Property Rental Platform - $4.6M gross/yr - SBA Eligible

Asking Price : $1,741,000

Annual Gross Revenue : $4,600,000

Annual Net Profit : $411,000

Profit Multiple : x4.24

Inventory Value: N/A

R-Index : 96

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From the Broker

Main Benefits

  • Market leading brand in a rapidly-growing space
  • Unparalleled brand recognition with 13 years of operational history
  • Revenue expansion at a c.18.4% CAGR over the 2014 to 2018
  • Clear value proposition with a 95% customer satisfaction rating
  • Highly capable and autonomous team staying on post-sale

Description

For sale is a highly innovative platform as a service business in the short-term housing rentals niche.

Launched in 2006, the business has steadily scaled to become a market-leading short-term rentals platform in the sports industry. As a pioneer in the space, the business has attained unparalleled brand recognition while securing lucrative partnerships.

With a clear value proposition and a customer-centric model, the business has secured an impressive rating on Trustpilot. In turn, this has helped attract profitable partnerships, with some of the biggest names in sports.

Rental and Gross Income have expanded at a meteoric rate, reaching a c.18.4% CAGR for the period 2014 to 2018. With the average Booking Price standing at an impressive c.$2,100 per booking (and still rising), the business now processes over $4.6M in rental income per year, creating plenty of resources to invest in growth.

With an unrivaled 95% customer satisfaction rating, tens of thousands of renters to-date, and a highly capable team staying on post-sale, the business presents a one-of-a-kind acquisition target for a new owner looking to take over a proven and innovative PaaS business with plenty of unexplored growth opportunities.

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Sale Pending: No

First Seen: Thu, May 23rd 2019

Last Updated: Thu, Jul 11th 2019


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