Target: $1,070,000
Investors: 1
Raised: 5%
Days To Go: 318
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: |
Regulation
Crowdfunding |
Florida Keys VRBO Investment: 619 Sombrero, LLC is raising capital for a 4-42% Equity share of a high-end vacation rental project in Marathon, Fl located at 619 Sombrero Beach Road.
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%.
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.