Listing Number: 9525-519419
Description
This thriving car rental and sales company has an protected and well recognized brand in the eastern US. The business was started in 2013 and has experienced excellent year-over-year growth. The business model is designed to support multiple locations in a multiple regions, with enhanced sales provided by an automated fleet and individual car sales platform. This combination maximizes profitability while providing a six-figure depreciation schedule yearly. The business model is also flexible, allowing the use of different platforms and affiliations at each individual location. The company’s market approach is differentiated by its focus on a unique market niche, providing the brand with a competitive edge for expansion.
The organization is fully staffed with management in place, all supporting policies, procedures, and structure to ensure seamless growth without operational hurdles. There are currently five locations in three metropolitan cities on the east coast of the US, including three airport counters and two local market facilities. The business has very stable lease agreements that foster mutually beneficial partnerships with property owners. To underscore the companies commitment to accommodate diverse customer schedules, the business has established collaborations with local parking facilities, enabling convenient after-hour drop-offs using designated drop-boxes.
The rental fleet is not included with the sale. The fleet is comprised of a variety of vehicle types including compacts, mid-size, SUV's and larger passenger vans. Vehicles are purchased yearly through a strategic banking relationship with a leading industry lender. The current floor-plan includes a vehicle inventory ranging in age from 2021 to 2024 models with a financed value of approximately $9,000,000. The Buyer would have to assume the current financing arrangement or replace it with another lender. When vehicles reach a certain milage or age the fleet sales division adds them to the automated on-line fleet sales platform and fields offers.
The US car rental market was over $38,000.000.000 in 2023, and is expected to grow by 4% this year. This business would be a perfect acquisition for continued independent growth or as an revenue addition to a group of automotive collision/repair centers, or automotive sales group.
The Seller has several business interests and is selling to consolidate his holdings. He is willing to stay for a reasonable amount of time to provide a smooth transition, and would consider offers to hold some equity in exchange for his advise and participation in a well funded growth strategy.
A signed NDA is required to receive more information.
Listing Details
- Price: $7,500,000
- Down Payment: $7,500,000
- Sellers Discretionary Earnings: $3,048,311
- Total Sales: $8,734,786
- Location:
- Inventory: $9,000,000
- FF&E: $200,000
- Employees: 10
- Year Established: 2013
- Reason for Selling: Other business interest
- Category: Automotive
