Recently Crowne Atlantic Business Brokers sold a property management company for $250,000. This company focused primarily on vacation property management otherwise known as short-term rentals. Overall the company was a great deal for the Buyer. It will provide them with an above 6-figure income along with a potential to grow. The Seller was able to get $250,000 at closing which will allow them to pursue other business interests.
While most buyers for vacation property management companies are from other countries in pursuit of investment visas such as the E2 visa, L1 visa, or EB5 visa, this particular buyer was an American citizen. They did not purchase the property management business for a visa, it just happened to be a business formula that they liked.
If you have an interest in purchasing a vacation property management business whether it is for a visa or not…….we can help. At the same time if you are interested in selling a property management business, we have a lot of Buyer demand for them. Check out our website at www.crowneatlantic.com or call Crowne Atlantic Business Brokers at 407-478-4101.