619 Sombrero, LLC
Regulation Crowdfunding

Target: $100,000

Investors: 1

Raised: 50%

Days To Go: 269

Start date: December 17, 2020
End date: November 30, 2021

Minimum Investment:  

$2,000

Company:  

619 Sombrero, LLC

Minimum Raise:  

$100,000

Equity:  

4%-42%

Maximum Raise:  

$1,070,000

Estimated Return:  

PROJECTED  Return 10% per year

Minimum Share/Units/%  

.08%

Securities Type:  

Membership Interests

Investment Type:  

Real Estate

Regulation:  

Reg CF via EquityDoor

 

Florida Keys VRBO Investment:  619 Sombrero, LLC is raising capital or a 4-42% Equity share of a high-end vacation rental project in Marathon, Fl located at 619 Sombrero Beach Road.



Offering at a Glance:

619 Sombrero, a Limited Liability Company is offering a 4%-42% equity share into a high end VRBO in Marathon Florida. Plus a projected return estimated to be around 10%.


Overview

Business Overview: 

619 Sombrero, LLC invests in luxury vacation homes in a prime location, a tropical beach destination for short-term vacations rental in the Florida Keys. We specialize in buying and managing large vacation rentals with 6-8 bedrooms and 6 bathrooms to accommodate sizable gatherings like Family Reunions and Large Groups vacationing together in the Keys.

 

The larger the vacation rental, the more money we can charge per bedroom. 619 Sombrero, LLC brands our vacation rentals as being the best Family-Friendly vacation rentals in the Florida Keys. The website and dba is called FloridaKeysVillas.com.

 

Florida Keys Villas is conveniently located on Sombrero Beach Road, a major street leading to the most popular beach in Marathon called Sombrero Beach.

 

Everyone driving to the beach passes the property and sees the prominent vacation rental sign.

 

Florida Keys Villas aims to create a premier experience for all of its guests by offering a number of luxurious amenities not offered by many other competitors, such as: keyless entry, private saltwater heated swimming pool, hot-tub, shuffleboard, beach volley-ball court, deep-water dock, pool table, poker table, foosball table, game room, bocce ball courts, outdoor kitchen with BBQ, and a small playground for children.

 

 Acquisition Criteria  

 

· Property Type: High-end, short-term waterfront rental in Florida Keys

·  Year-round vacation rental with 5 years of existing clients and bookings for 2021

· Average accommodation size: 6 bedrooms, 6 bathrooms with total capacity for 14 people

·  Estimated Average Weekly Rental: $8,500 - $12,000

· Deferred maintenance and rehabilitation is expected on most properties

· Primary target markets: Guests from all over the U.S. and overseas; large groups of family and friends

· Ideal location: Tropical Designation Location in Florida Keys with current bookings year-round

· Management team has successfully managed short-term vacation rentals and is the owner/operator

· Management and property won in FLARBO as the best Florida Keys Villa with over 39 weeks booked out of 52 weeks

·  Recession resistant business, historically; Affluent clientele leading to high occupancy and minimal price sensitivity

·  Significant opportunity to further increase in value. Florida State implemented laws to limit and prohibit building rights by 2023 – automatically increasing all the existing properties in the Florida Keys

·  Home to rent with one of the highest number of bedrooms (6) and 6 bathrooms. Few homes were built with more than 2 to 4 bedrooms. This allows more rentable square footage, producing significant weekly cash flows upon stabilization

·  Competition is limited with large number of bedrooms and waterfront access for those coming to the Keys to go fishing with their boats.

·  Cater to large families or groups of friends looking to go on vacation together in the Florida Keys and desire to rent a large home with 6 bedrooms all the amenities

·   Acquisition price is less than 20% of the Fair Market Value

· Upside: current list of existing bookings for 2021 and existing loyal clients – ready to rent and property is about $500,000 below market value.

·  Possibility of more income: Short-term rentals in destination areas are usually listed at higher prices with nightly rates. This can significantly increase the income you are collecting at a faster pace.