Gross Revenue: $1,806,000
Kauai Car Rental Company For Sale!
Check-in center is located only 1.5 miles from the Lihue Airport, a 6-7 minute shuttle drive away from the airport. The fact that we're off the airport property improves cash-as we are not subject to airport taxes/fees. The island gets an average of 1.9 million tourists per year.
The rental car rates on the island are very strong, particularly during the peak seasons in which rental car daily rates can exceed $200 per day while minivan daily rental rates can exceed $400 per day. The company has rapidly grown to over 150 rental cars in only 3 1/2 years of operations. Our car purchase system allows us to acquire unlimited late model cars on Kauai for less than dealer auction values thereby saving considerable hassle, shipping fees, registration fees, auction fees etc. This creates a potential additional profit center, selling the cars for more than the initial purchase price after renting them out for one year. After a ton of work, we have successfully obtained a presence on all of the travel sites (Orbitz, Expedia, Travelocity, etc.) which provide more bookings than we can service, thus we frequently "turn off" the pricing to avoid excessive overbooking. In addition, we have all the required permitting to conduct operations at the Lihue Airport. This means that we are allowed to drive our shuttle into the rental car pickup area to pick up/drop off customers. We have six full time office/sales/counter/ customer service staff at the retail location. The staff is fully trained in running the operational duties and excels at incremental sales (up-sells) at a rate that exceeds industry standards substantially. We have 4 f/t full time mechanic staff that handles all maintenance, mechanical repairs, ordering of parts, body work, etc. The mechanics are in a separate building a few hundred yards from the retail location. Here they have access to all mechanical equipment/tools along with all body work equipment (paint booth etc.). We have six full time detailing staff which handles all car cleaning, car shuttling, running errands etc. We have a full time person in charge of nothing but pricing on all the travel sites. This is a key position in the company as this person ensures that the maximum amount is collected for the sdaily rental rate and that the fleet of cars remains out on rent. The company's merchant account accepts credit card payments and communicates seamlessly with our rental car software system. Thus, tracking, monitoring, generating reports etc. is very simple. The company uses a Quick-books accounting system and payroll system which is all overseen by the company accountant. This business is perfect for the investor in search of a company with a proven infrastructure, a proven money making process, a staff of proven and trained personnel, and a ton of room for future growth. The staff is capable of handling 100% of the daily operations (and has for several years). This allows the new owner to focus solely on growth and business development while the existing staff handles the day to day operations. All the while the new owner will be making a healthy salary. **Auto inventory excluded from purchase price** Cars are carried on a Line of Credit that will need to be transferred to new buyer
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