Car Rental - $450,000 Net
Location Tennessee,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $3700000
Net Profit / Cash Flow $450000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1981
Number of Employees 20 - 34
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Leased
Description Car Rental business for sale: Great location, contracts with Airport at terminal counter and terminal parking. Also has an offsite location in major hotel.
Comments: Business is located in a major business and tourist market in the mid south. This nationally branded auto rental operation has been a stable performer in the franchise's top levels.
Despite the travel troubles during the past two years , they have maintained a great sales level and are in the franchise's top 40 locations nationally.
Agreements with major auto manufactures and banks have provided flexibility in managing the cost and availability of fleet vehicles. Contracts with the airport authority guarantee long term availability to terminal counters and parking. They also have an on site maintenance and operations facility which includes an automated car wash and plenty of parking for overflow.
The local managing partner will provide transition assistance and may continue under contract for a period of time to insure successful training of management team.
Reason for Sale: Retirement. Business has two partners only one wants to retire.
Equipment: $35K value.
Gross Annual Sales: $3,700,000.
Owner's Net: $450,000.
Number of Employees: 32.
License(s) Required: Business.
Parking: Plenty.
Price: $3,000,000.
Contact for more information on this Car Rental business for sale.
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