Holiday Lettings And Property Management Business For Sale

Business description

The business is a property management company and holiday lettings agency based in Sitges, Barcelona.

The company has two major income streams and is organized into two distinct areas of operations.

Managed Properties
As a property management company we “manage” a portfolio of properties in Sitges for holiday rentals. This management work is office based. The office generally opens from February/March each year and closes in late October, operating a skeleton staff throughout the winter when occasional property maintenance is required.

Holiday Lettings
As a holiday company we offer a real time, innovative online booking system for holiday accommodation throughout Spain. Working with individuals, hotels and other agents, our real time system allows web users to browse, search and book in real time, using our secure server.

Sitges, described as the “jewel of the Mediterranean”, enjoys the highest property prices in Spain and is an exceedingly desirable destination for relocations from the UK, France, Italy and the Netherlands. The agency represents a unique opportunity to relocate to a viable and very profitable company, which provides the potential for a relaxed lifestyle or industrious expansion.

Property information

Real Estate:

Lease

Lease terms:

5 years fixed rent. No trespaso costs.

Living accommodation:

Subject to negotiation. An 18 month rental of a 3 bedroom, 2 bathroom apartment, with sea view and large terrace 50 metres from the beach. This can be rented subject to agreement.

Location:

Excellent office location. One minute from the station with good footfall trade. Primary SEO positions on all the major websites, including numbers 1 and 2 on Google. Sophisticated CMS system to support the e-commerce. Legal contract with numerous larger booking agents, hotels and exclusive private contracts with all of our managed property landlords.

Other information

Expansion potential:

Our innovative and real time Content Management System, has been designed so that the e-commerce side of the business can be replicated across regions in Spain and Europe.

Our exclusive managed portfolio of properties has expanded year on year and the company´s reputation ensures that the portfolio can expand further should any new purchaser wish to.

Competition / Market:

The largest agency in our location, our competitive edge is maintained by our loyal customer base. From being a gay-orientated agency, we have expanded to cover families, single travellers and the cost conscious. Some changes in government legislation relating to tourist rentals are likely to increase our business, as most independent landlords will be subject to stiffer taxes and regulation.

Support & training:

Any prospective buyer can negotiate a period of handover and / or consultation.

Reasons for selling:

Business commitments in the UK.

Trading hours:

Office hours vary in Summer and Winter

Furniture / Fixtures value:

€5,000

Inventory / Stock value:

€5,000

Contact the seller