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Successful Property Management And Holiday Rental Business For Sale

Almancil, Faro
Asking Price:
€550,000
Sales Revenue:
€500K - €1M
Cash Flow:
Not applicable

Successful property management and holiday rentals, in business for over 12 years. We get super feedback from both owners and rental clients.

Due to reaching retirement age we are starting to think about selling our business.
We look after around 40 ish properties and rent many more, all within the famous golden triangle resort.

We have an office and warehouse which are rented, these can be cancelled or extended at any time.

Our staff is highly trained and know our clients and properties extremely well, meaning a transition can be incredibly smooth. We would also help with this aspect as we understand it can be quite a ride.

Property information

Location:

Almancil, highly traveled road with good visibility.

Business Operation

Expansion Potential:

There is expansion potential, all depends on what exactly you wish to achieve. You could expand in to Real Estate which can easily be done with only a license and can see quite a return + it works great with the current business model. Or you could extend the holiday rental part towards the rest of the Algarve/Portugal.

Competition / Market:

Quite a competitive market, that is why buying a already established business is a great choice.

Reasons for selling:

Reaching age of retirement

Trading hours:

Monday - Saturday. 9AM to 6PM on weekdays and 9AM - 1PM on Sat.

Employees:
7 in winter / 8 in summer + maids which are on green receipts or can be subcontracted.
Years established:
12

Other Information

Support & training:

We will be there to help with both the transition and training, ideally we should stay on for a few months to make sure all goes smoothly.

Home based:
This business can be run from home.

Contact Information

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