Listing Number: 6953-388092
Description
This fast-growing regional car rental and fleet maintenance business has 4 locations (2 in airports and 2 near downtown mid-size metro areas). With a rental fleet of almost 500 vehicles as of 2024, seamless rental experience enabled by cutting edge technology, and fully staffed operation, this business is poised for significant growth in 2024 and beyond.
Growth plans for 2024 include the addition of two more airport locations, with combined revenue projections of almost $13M. The expansion of services in current locations is expected to drive revenues to over $6M per location. As a result of this aggressive growth, EBITDA is forecasted to double in 2024 to over $7M.
The fleet maintenance division is licensed for both retail and wholesale services, having the capacity to absorb increasing fleet size to over 900 vehicles. All vehicles are owned by this separate legal entity and leased to the car rental division. Title, insurance, repairs, taxes, etc., are managed at this entity level.
Purchase price is firm and involves an assumption of the long-term liability for financing the car fleet (est. $8M).
Listing Details
- Price: $ 7,500,000
- Down Payment: $7,500,000
- Sellers Discretionary Earnings: $ 3,171,734
- Total Sales: $ 8,734,786
- Location: United States
- Inventory: $ 0
- FF&E: $ 7,500,000
- Employees:
- Year Established: 2013
- Reason for Selling: Other business interests
- Category: Rental Business
