Two Highly Profitable Car Rental Locations
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $307000
Net Profit / Cash Flow $120000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2008
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide necessary support and training.
Reason for Sale Other business interests.
Description Two highly profitable car rental franchises are available for sale! In business for several years, they provide daily car rentals to insurance companies, body shops, local corporations and residents for business and personal use.
These locations have experienced a high level of success since opening and net the owner $121,000 in yearly income working approximately 25 hours per week managing the business. Year-to-date in 2012 the business is up 20% versus the same period in 2011.
According to an industry report by IBIS World, the car rental industry is forecasted to grow from 2012-2017. Off-airport markets, such as these locations have remained stable because they are not dependant on air traveler demand. Additionally, car sharing, where consumers rent cars by the hour for local use, is a rental segment that is rising in popularity. Several key drivers for business are forecasted to increase during 2012, including increased demand from domestic airlines, higher per capita disposable income and increasing corporate profit leading to larger travel budgets.
This business is turn-key and the perfect acquisition for any buyer, even one with little business experience! The owner and Franchisor will offer training and support and the owner has administrative staff working in the business as well. A buyer can expand the business through purchasing additional territories and adding more corporate accounts!
The seller finances his inventory and a buyer has the option to assume the financing or purchase the vehicles for an additional cost.
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