Project Description
Well established, 8-year-old company offering housing solutions to students and professionals looking for temporary accommodations (30 days to 18 months). The business currently offers over 4,500 different accommodations. In addition, the business has provided housing to thousands of guests, from more than 110 different countries all over the world. Average booking fee is currently $550! Owners spend approximately 20 hours per week each managing and operating the business. The company has 8 virtual full-time employees. Success has been driven by demand for their model coupled with their highly advanced proprietary software platform. The largest opportunity for the business is expansion to other geographies that have high concentration of universities and tech companies. The platform is setup to be highly scalable without additional costs. In addition, the business has extremely strong third party verified reviews and ratings. Further the business can be operated anywhere in the world remotely. Further provides the new owner(s) with a complete turn-key business. Owner will offer strong transitional support driven by the specific needs of the buyer and in addition will provide long term consulting if desired. Owner is selling to pursue other business interests.
Financial Overview
2023 Revenue: $2,335,976 (August TTM Projections)
2023 Profit: $1,831,376 (August TTM Projections)
2023 Revenue: $1,992,060 (May TTM)
2023 Profit: $1,516,045 (May TTM)
2022 Revenue: $1,611,301
2022 Profit: $1,210,629
2021 Revenue: $554,965
2021 Profit: $366,032
2020 Revenue: $252,996
2020 Profit: $123,965
Additional Details
Status: Currently Available
Employees: 8 FT – Virtual
Years Established: 2014
