• The market: Short-term rental management • The target: Tourists & vacation home owners in a top Colorado destination Here’s why I think it’s special: This Colorado-based property management company manages 13 vacation homes in a super popular resort area. Last year they did over $1M in bookings and brought in $167K in clean owner cash flow. It’s already profitable and set up for easy growth. What’s unique? It’s a trusted local brand with 20+ years in the area. Most houses have 5-star reviews and owners stay for many years. Guests come for beautiful nature, and homeowners love the reliable service. It’s a real “peace of mind” business for them. Short-term rentals keep growing fast, especially in places close to national parks and outdoors activities. Many guests want private homes, not hotels, and this biz is perfectly positioned. Big potential to add more houses and maybe even higher fees. Why no big player took it yet? Because local expertise and relationships are key. The owner knows the market deeply, keeps strong trust with homeowners, and handles everything smoothly. It’s not just a numbers game — it’s about local connection. Here’s why I like this deal: • 13 managed homes with yearly contracts • $1M+ bookings, $167K SDE • SBA pre-qualified — only ~$53K down needed • Owner willing to help for smooth transition Costs are low, only 1 full-time and some part-time workers. Cleaning and maintenance are outsourced now — if new owner brings in-house, margins can go up even more. Books are clean and tie to tax returns (very rare!). Future upside: • Add direct bookings (now only Airbnb/VRBO) • Increase management fee (now 20%, competitor is 40%!) • Build brand website & marketing • Consolidate more local properties Imagine scaling from 13 to 25 or even 50 houses. You keep cash flowing, enjoy the mountain lifestyle, and build a strong asset with exit value later. The foundation is strong — just needs someone hungry to grow. The strategy: Step 1: Keep excellent service and keep the homeowners happy.