Car Rental Service
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Description About 45 Cars Valued At $315,000. Rent: $2,200/M. Owner Lives 600 Miles Away. Owner, Who Plans On Moving To Florida, Visits The Location Once Every 3 Months. Two Well-Paid Employees Run The Business. Rent Now Is $1,980/M. Rent Will Be About $2,200/M For A Lot That Can Park More Than 20 Cars. Many Customers Rent On A Weekly And Monthly Basis. Very Healthy, 7 Year-Old Business With Lots Of Repeat Customers And Corporate Accounts. Open: M-F 9:00 AM To 6:00 Pm, Sat 9:00 AM To 1:00 Pm. The 45 Cars Include One Long Van, A Few Minivans, A Convertible Mustang, Small And Medium Sized Cars, Etc. The Market Value Of The Cars Is About $315K. The Cars Are Self Insured. The Business Has Minimal Expenses. The Owner Does Not Advertise At All: No Yellow Page Ads And No Coupon Mailers! The Above Adjusted Net Income Assumes That The Buyer Will Operate The Business And Remove The Most Expensive Employee. Absentee Net Income Is About $155K/Year. Financial Papers Are Impeccable: Computer Printouts Can Be Verified With Hard Copy Rental Agreements And Charge Card Deposits. Buyer Can Get A Dealer's License And Officially Sell The Used Cars. The Seller Owns 2 Other Car Rental Businesses In San Diego: the First Location In San Diego Nets $265,000 And Is For Sale For $850K With 40 Cars. The Second Location In San Diego Nets $275,000 And Is For Sale For $950K With 40 Cars. The Property Of One Of The Locations Is Owned By The Seller And Is For Sale For $1,250,000.
The Qualified Buyer Will Be Able To See P&l For 3 Years, List Of Accounts, The List Of Cars, And Rental Agreements. The Bay Area Location Made A Gross Of $29,604 For 1/07, $25,453 For 2/07, And $25,735 For 3/07.
San Diego Location # 1:
1/07 $24,303.
2/07 $15,542.
3/07 $30,902.
San Diego Location # 2:
1/07 $26,194.
2/07 $19,212.
3/07 $25,233.
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