The company is a well-established multi-passenger van rental business, providing large 12 & 15 passenger van rentals to church groups, schools, businesses, sports organizations, and larger family vacations in the Dallas-Fort Worth, Texas, area. The company provides vehicle transport for these larger groups to rent, and there is no requirement for a specialty license. The company’s customer base is primarily local but also includes local, regional, & national customers for stadium events (playoffs, bowl games, concerts, and religious events). The Super Bowl was insane, and the World Cup is coming!
The company focuses on a niche: upper clientele who are unbelievably conscientious and safe because they typically transport children or families to events & vacations (estimate 90% of rentals), with almost no accidents in 15 years. The experience has been so positive that the company’s insurance went down in the 2024 renewal, whereas most companies experience increases.
The company’s mission is to win customers and exceed expectations through a family business atmosphere and work ethic combined with the pursuit of the best features and technology for van rentals. Cleanliness has always been the backbone of the fleet.
In 2023, the company had ~1,605 rentals ranging from days to 3-year durations (for a construction company). The top 10 customers account for approximately ~65% of sales. The largest customer (a private school) was approximately 6.7% of sales. There is INCREDIBLE room for growth by scaling the business across DFW, Texas, and to major cities in the US.
The business would be delivered free and clear of all other liabilities. We currently have fleet maintenance and discount accounts with major industry suppliers and dealerships. The factory warranty is typically 3 years or 36,000 miles. Powertrain extended warranties are typically 5 years or 60,000 miles. These vans are and have been great performers, and, fortunately, the company has been experiencing routine maintenance costs (with no major, out-of-warranty breakdowns).
The van rental industry is very competitive. Most companies competing in this space are much larger. Some competitors offer a wide range of services or provide services in specific market niches. This company focuses on providing clean, reliable vans, creating relationships and bonds between the company and their customers based on cleanliness, quality, fair pricing, technology convenience packages, and reliability.
The Company's well-trained and long-tenure General Manager holds all necessary licenses and runs all day-to-day operations. The owner takes regular vacations (typically quarterly) and the GM covers needs while the owner is away.
The owner feels that there are many growth opportunities for an aggressive new owner, experienced in the rental service industry, who can adapt to the unique and special needs of this family-friendly client niche. The business has a strong, central Dallas-Fort Worth location, skilled and motivated staff and an excellent reputation, as evidenced by extensive 5-star social media reviews. The business operates primarily as a word-of-mouth repeat and referral “niche business”. Capacity can be significantly increased by adding rental vans and hiring staff for additional shifts. The owner represents that the business has excellent matching books & records and can prove all sales & expenses.
NOTE: SELLER REQUIRES THAT PROSPECTIVE PURCHASERS HAVE RELEVANT OR TRANSLATABLE INDUSTRY EXPERIENCE IN THE VEHICLE RENTAL OR LEASING INDUSTRY, HAVE TEXAS WHOLESALE VEHICLE DEALER INDUSTRY EXPERIENCE AND CURRENT LICENSING (OR ABILITY TO BE LICENSED).
Purchase Price: The asking price for the assets of the business is NEGOTIABLE with $750,000 CASH down payment and balance financed as a commercial or SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Accounts receivable valued at $00 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $2,000,000. The price will be increased or decreased for actual accounts receivable as of the sale date.
NOTE: THE SALE OF A BUSINESS IS CONFIDENTIAL AND DISCREET; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES OR OWNERS. ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE.
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