Very Profitable Car Rental Business

Price: $600,000

Location: Metro Detroit area

Industry: Automotive and Boat

Listing ID: 40730465

Listing Status: New

Description

The business operates a car rental service operating in the Detroit metro area. The business provides a variety of vehicles, offering clean, safe convenient vehicles at an affordable price point. The business is in its fourth year of operation and has seen growth to 50+ vehicles (largely financed through internal cash flow). Much of the initial hard work has been done including setting up a facility, hiring employees, purchasing vehicles, setting up relationships for vehicle maintenance. The business operates through a third party reservation system which has worked really well. A great business for a car person or an entrepreneur looking for that next opportunity.

The listing price includes vehicle inventory which will be adjusted to a current market value at closing as agreed between buyer and seller. We work with a number of banks and Small Business Administration (SBA) lenders. A signed non-disclosure is required as well as proof of financial capability.

LISTING DETAILS

Down Payment: $230,000

Total Sales: $642,482

Cash Flow: $300,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $550,000

FFE Included: No

Inventory: N/A

Operation

Year Established: 2022

Non-Owner Payroll: N/A

Employees: 6

Managers: 1

Location

Real Estate: N/A

Monthly Rent: N/A

Franchise: No

Summary

Facilities Information:

The business operates out of leased facilities at an annual rent of $65,000 which includes parking, a customer lounge and car wash.

Reason For Sale:

The owner is involved in a new venture which is taking up time.

Training & Support:

The owner has grown the business by trial and error and has developed strategies for vehicle acquisition, cleaning, maintenance and vehicle turnaround, and the reservation system, which he will train a new owner in.

Competition:

Obviously there is competition from the major car rental companies. But this business operates in a niche of providing well-maintained higher mileage vehicles at convenient locations in a major urban area.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER
There is no associated broker for this Listing.