Destination Rentals | Application Preview
Destination Rentals is seeking government funding to enhance their Airbnb property located at 2926 Cabin Dr e LOT 4 in Coleharbor, North Dakota. The requested funds will be allocated towards acquiring a three-bedroom, two-bathroom home, as well as watercrafts, specifically a 2024 Switch craft pontoon and a 2024 Seadoo wake, along with life jackets for adults and children.
The business plan includes offering guided tours, cooking experiences, and local craft lessons to attract guests, thereby increasing occupancy rates and generating higher revenue from Airbnb rentals.
The application argues that investing in this property presents a strong opportunity for income generation, emphasizing the potential for relaxation while earning money. In terms of competition, Destination Rentals identifies traditional hotels and nearby Airbnbs that lack watercraft offerings, positioning themselves as a unique option for guests looking for outdoor experiences.
The competitive advantage lies in catering to groups who enjoy camping but cannot afford a camper. By allowing friends to use their campers while staying in the rental, Destination Rentals aims to fill a niche in the market, especially as one of the few Airbnb options near the lake that provides rental access to watercrafts.
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General Information
Business Registration Number: 93-2820450
Location: Bismarck, ND, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
3 Bedroom 2 Bathroom home at 2926 Cabin Dr e LOT 4 Coleharbor, North Dakota 58531 Water Crafts- 2024 Switch craft pontoon 2024 Seadoo wake 2 kids life jackets 2 men's life jackets 2 Women's life jacket
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Business Plan
This can be a guided tour around the town your property is in, a cooking experience or even local craft lessons. This will help you increase occupancy and nightly rate, growing your Airbnb revenue. Investing in an Airbnb property allows you to do just that. A short-term rental property is just one type of income-producing real estate, but it allows you to earn money in any city while you relax.
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Self Identified Competition
Hotels are one of them, there is some Airbnb around the lake that don't have water crafts for guests to enjoy so we will be one of the first ones. We will be able to help people that want to go camping with friends but not able to afford a camper so their friends can pull their campers to the house, and we are one of the few Airbnb's out at Lake that will have rental to watercraft's.
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Contact Applicant
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