Houston Auto Rental Company - Not A Franchise - SBA Financing Avail.

Houston, TX (Harris County)

Houston Auto Rental Company - Not A Franchise - SBA Financing Avail.

Asking Price:$825,000

Cash Flow:$324,895

Gross Revenue:$620,136

EBITDA:N/A

FF&E:$22,000

Inventory:$568,000

Established:2002

Houston Auto Rental Company - Not A Franchise - SBA Financing Avail.

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Business Description

Rare opportunity to acquire an auto rental business serving the Houston area since 2002. Locally owned and operated – no franchise! Offers flexibility to customers that cannot be matched by the big rental firms. The company sets the rates and rules that are most beneficial to the bottom line: renting to customers as young as 18, no credit check, accepting cash, debit cards, credit cards and direct-bill to insurance companies. Great location on the freeway near a major international airport. Affiliated with a company that advertises heavily on the internet for rentals from travelers coming into the nearby airport and forwards all customers to this agency for actual rental of the vehicle. Included in the purchase price is a fleet of 49 late model, low mileage vehicles consisting of a nice mixture of economy-size, mid-size, full-size, SUV’s and mini-vans. Customers can make reservations right on the website. Vehicles are primarily purchased wholesale at auctions and then sold retail after utilization which creates an additional revenue stream. Easily grow this business by setting up additional offices and by optimizing the website. Pre-approved for a SBA loan for 85% of the purchase price for qualified buyer! Please refer to CBB Listing #7966FS

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
2ft; 1pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1400sf facility in shopping center
Growth & Expansion:
Enhance web presence. Open pick-up / drop-off offices in other parts of the city. Increase sales efforts to national agencies and body shops.
Support & Training:
Seller will train
Reason for Selling:
Focus on other business interests

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Frank & Rose Stabler

Business Listed By:
Frank & Rose Stabler

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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