Established Vacation Rental & Property Management Business For Sale

Business description

Here is a great opportunity for someone who wants to live and work in Maui’s paradise, have the opportunity to take this growing business to the next level, and be positioned to take advantage of the upcoming recovery of Maui’s real estate market.

This business primarily focuses on the related fields of vacation rental and property management and has a secondary focus on real estate brokerage, travel agency and insurance. The real property (across from the beach and zoned a mixed use condo) used by the business as the office is owned by the owner of the business is also available for purchase for $395,000.

In spite of the tourist recession (which began in April, 2008), sales have grown under the present owner to an estimated annualized 2009 of $445,500. This growth is due to the significant investment of funds in marketing and web site development and optimization, which has resulted in two state-of-the-art web sites.

The absentee owner manages this business from California and is selling the Business because he needs to spend more time on his businesses there. An on-site owner/manager will be able to focus full-time on marketing and sales, and will not need the additional staff that an absentee owner needs.

Now is your chance to be ready to take advantage of the improving economy in Maui and position yourself for long-term business growth and real estate appreciation.

Property information

Real Estate:

Lease

Lease terms:

To be negotiated. Seller is the owner of the condo, which they will lease or sell to buyer

Leasehold rent:

$1,800 per annum

Other information

Support & training:

4 weeks training at 30 hours per week

Reasons for selling:

Owner/Seller lives on the mainland and wants to focus on his business interests there.

Furniture / Fixtures value:

$100,000 (included in the asking price)