VEN1409

Corporate and Temporary Housing Agency Offering Full Amenities

Southwest US
 

The companies offer fully furnished apartments and homes to individuals temporarily relocating for corporate, medical, or internship purposes. The companies also lease furniture and other detailed amenities for its temporary housing and home staging purposes.

Key Aspects:

  • Fiscal Year End 2018 Revenues of $9.3 million, a compound annual growth rate of 46% over the last three years.
  • Established corporation client base with a focus in the rapidly growing Permian Basin.
  • Healthy rebound from the oil & gas downturn in 2016.
  • Market share of 75% within the Permian Basin.
  • Repeat business rate of 75%.

    Opportunities:

    • Development of presence within new, untapped Las Vegas market.
    • Expand into further oil and gas markets within the United States, by replicating Permian Basin operations.
    • Opportunity for an acquirer to expand geographic market presence into West Texas.
       
       
       
      Year:

      2015

      Internal

      '000

      2016

      Internal

      '000

      2017

      Internal

      '000

      2018

      Internal

      '000

      Turnover4,5452,9414,5509,264
      Gross Profit:1,3397911,5963,815
      Adj. EBITDA *692871,0442,708
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited