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Updated 8 days ago on . Most recent reply
Andrew SteffensPoster
#2 Short-Term & Vacation Rental Discussions Contributor
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#2 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
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Mergers and Acquisitions Help
Andrew SteffensPoster
#2 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Tampa, FL
Hello!
We are in negotiations to buy out a smaller competitor. This is a first for us, and looking to see if anyone had any experience in this as we have a few questions about how it went. Any help is appreciated. Thanks!
Most Popular Reply
For General Advice
-Get as much agreed to in the LOI as Possible (Asset or Stock Sale, Amount of Seller Carry if any, working capital if applicable, agree on what info will be provided and when)
Other than that we'd need more info to help you out.
Are you buying just the rentals themselves or their STR brand too? What's the rough size of the transaction (# units). What type of questions do you have? Due Diligence, valuation, transition?