Frequently Asked Questions for Buyers of companies or contracts
What is VRMX?
VRMX is a
short-term rental information exchange platform for professional managers and hosts to
buy, sell, partner or invest. The platform has been developed to allow acquisitive
companies to review companies interested in one of these options and to communicate
directly with the sellers.
How do I qualify as a Buyer?
We expect every
buyer to be a professional body, whether a manager looking to grow their business, a
professional investor or an organisation that wishes to add short-term rentals to their
portfolio. We personally and digitally check the credentials of each company. There are
AI checks in place to identify issues with misuse of the platform.
How much information can I expect to see?
Most companies
are interested in a country region(s), types of business size, and portfolio. The
details shown of each company via a logged-in search are: “Country”, “Region”, a
“from-to” number and type of properties and a description of the business written by the
seller to give a flavour of the opportunity.
How do we contact a business?
You can message
the seller, who will receive your submitted credentials and contact details. They may
accept or reject this, and you will be notified. In the case of acceptance, the seller
will contact you directly using your contact information.
What does it cost to have access to the system?
The subscription
page will show all current terms.
Do you allow brokers to list businesses for sale?
We have nothing
against brokers; they provide a valuable service. The marketplace, however, is
positioned to open up opportunity and connectivity and ensure cost-effective
transactions.
Does VRMX offer any other services to support the sale process?
Should these be
needed, we have several experts in the field who are also supported by lawyers,
accountants and other professionals. Please contact us for more information.