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Luxury Car Rental Company Now Available In Florida For Sale

Florida
Asking Price:
On request
Sales Revenue:
$2,500,000
Cash Flow:
$600,000

This company is a peer-to-peer luxury car sharing service located in south Florida. The business currently has 20 cars in its fleet, with an average 30-40% occupancy rate. Business spikes around holidays, large conferences, and high-profile concerts.

Over the next 12 months, the current owners plan to add more vehicles in their peer-to-peer program and raise occupancy rates throughout the state.

The owners are selling now because their typical entrepreneurial timeline from start-up to divestiture is 3-5 years and they have arrived at this stage in the business's lifecycle.

To see more, including financials, analysis, and a video interview with the owner, please visit the goexio website.

Property Information

Premises Details:

The business operates out of a free standing 3,000 sqft. building at a private airport. They also operate at several remote locations, such as luxury hotels that display the vehicles outside of the front doors.

Business Operation

Expansion Potential:

The implementation of an online platform could help the company facilitate automation of quotes, inventory availability, scheduling, and payments. Similarly, the addition of a mobile app where customers could self-facilitate a "car share" service (similar to AirBnB) would allow rapid scale and open a new stream of revenue. There is also the opportunity to expand the business geographically.

Reasons for selling:

The owners are selling now because their typical entrepreneurial timeline from start-up to divestiture is 3-5 years and they have arrived at this stage in the business's lifecycle.

Employees:
5-10
Years established:
5-10

Other Information

Support & training:

The owners predict remaining post-acquisition for around 90 days in order to ensure a smooth transition of ownership, but if a new buyer would prefer they stay on longer, they are open to discuss.

Contact Information

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