Car Rental And Lease To Buy
Location Pennsylvania,United States
Asking Price Range < $250K
Gross Revenues $135200
Net Profit / Cash Flow $50000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1976
Number of Employees 1 - 3
Inventory 59000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description This 30-year old business concern has a solid steady income.
It is located in Bucks County, PA.
The expenses are low and the customers pay mostly cash.
Total $6,200 per month = $74,400 per year taken from the income of $135,200 leaves net over $50,000 take home pay.
It is open 5 and a half days - 9 to 5 PM and noon on Saturday.
The accounts receivable and inventory of $57,800 is included in the price of $160,000 with $60k down to a qualified buyer.
All their cars are currently rented.
Owner is retiring to Fl.
There is also a rent to own program that has big profits.
Rates are $15 per day and the cars cost about $2000 each.
They have direct insurance billing , pick and delivery.
They rent to 21-year old customers.
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