This Charleston business is a streamlined car rental business with a niche market that is essential to the local community. The demand for their service outweighs the current supply. The owner is responsible for administrative duties, securing contracts, maintaining the fleet of vehicle and overseeing the operation. The purchase price comes with the fleet vehicles and equipment needed to service the current client base.
- Asking Price:
- $440,000 Furniture / Fixtures included
- Sales Revenue:
- $576,885
- Cash Flow:
- $192,661
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business rents a 1,250 square ft office suite with ample parking located within the very hub of their ideal customer base. The monthly rental is $1,500. Additional offices and storage within the suite for expansion opportunity. There is also an area for onsite vehicle repairs and for the mobile mechanic to utilize.This business is easily relocatable as there are many rental office locations in the area.
Business Operation
- Expansion Potential:
-
Over the next 5 years, the Car Rental Industry revenue is expected to rise at an annualized rate of 1.6 %. The industry is expected to benefit from recovering businesses that were impacted by COVID. The local market continues to see an influx of businesses and homeowners relocating to the coastal region. This brings enormous potential for growth.
- Competition / Market:
-
There are many competitors in the industry but there are very few that cater to the local community. The business is based directly in the community it serves and where car rental is essential for daily transportation and car ownership is not an option.
- Reasons for selling:
-
The owner is selling the business to pursue other interests.
- Trading hours:
-
Monday-Sunday 9am-7pm
- Employees:
- 2 FT/1 PT
- Years established:
- 4
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$44K down/$44K over 120 mos. @ 8%/Other Financing.
- Furniture / Fixtures value:
- $203,000 - included in the asking price
- Relocatable:
- This business can be relocated.
