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Listed by:

Neumann Associates

Cash Flow Strong Car & Truck Rental Agency For Sale

Northern New Jersey, New Jersey, US
Asking Price:
$334,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$725,000
Cash Flow:
$160,000

This well-known Car & Truck Rental Agency with Used Car Lot has provided reliable temporary auto rental services to the Northern New Jersey community for over 40 years. The Company has experienced significant revenue growth and enjoys high operating margins with documented profitability.

The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.0x EBITDA (ttm). A full valuation report is included in the prospectus. There is zero debt to be assumed and the deal includes $50k in net working capital (Inventory) plus $10,000 in fixed assets. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner-operator will obtain close to $110k benefit in after-acquisition-debt cash flow in Year #1.

(ALL DATA BASED ON SIGNED TAX RETURNS)

Property Information

Real Estate:

Lease

Premises Details:

The seller’s 2,500 SF leased facility and half-acre lot is in a prime location with very attractive/flexible lease terms.

Business Operation

Expansion Potential:

It is projected that a new owner will obtain compelling additional growth by expanding the direct sales efforts (including used car sales) with a minimal personnel investment of $50k to $100k per year. The company projects an accelerated revenue growth rate under such premise of 25% to 35% per year.

Competition / Market:

The Company enjoys a competitive advantage by leveraging its nationally recognized brand names and highly visible location to provide its client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management and national agency agreements in place.

Reasons for selling:

Retirement

Employees:
2
Years established:
40+

Other Information

Support & training:

A comfortable six-months transition period will be provided by an owner who truly wants to continue to see the business flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$0.1m Seller financing plus $0.2m Bank financing subject to buyer qualification

Furniture / Fixtures value:
$10,000 - included in the asking price
Inventory / Stock value:
$50,000 - included in the asking price

Contact Neumann Associates

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