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Discount Airport Car Rental Company

Lihue, HI (Kauai County) (Relocatable)

Seller Financing Available
all rental cars are Toyotas
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Asking Price: $299,000

Cash Flow: $176,561

Gross Revenue: $318,375

EBITDA: N/A

FF&E: N/A

Inventory: $71,000

Rent: $3,664 /Month

Established: 2005

Discount Airport Car Rental Company

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Business Description

PRICED TO SELL! Sellers moving for family reasons. Priced below valuation. Revenues and profits continue to grow (2016-through 4/11/19). Inventory includes 33 used Toyotas. 4 1/2* Yelp review. Studio unit built-in within warehouse/office space for owner usage and/or tenant rental. Located four blocks from Lihue airport and within walking distance. One of only two licensed used rental car companies allowed/licensed to do pick-ups and deliveries at the Lihue Airport. Growth opportunity: owners spend very, very little money on marketing/advertising/social/on-line marketing ($670 2018 expense). "Standard" advertising would almost certainly increase demand/revenues and profits.

Detailed Information

Location:
Lihue, HI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
5/31/2022
Employees:
1
Facilities:
2,500 sq.ft. warehouse, incl. 400 sq.ft. mezzanine studio/office. Additional yard-space for available cars outside roll-up door to warehouse unit.
Competition:
Several used rental car companies, 1 of only 2 with legal access to the Lihue Airport (and the closest). Located within 10 minute walk of airport.
Growth & Expansion:
Very fragmented market. Roll-up of competitors is an option. Great demand for car storage facility near airport. A larger facility/yard would allow for additional cars for rent and expansion into this line of business. Utilizing standard on-line marketing and "post-cards" reminders to annual visitors/timeshare owners would certainly drive revenue and profits up. Experience on Kauai would allow for expansion to other Hawaii islands.
Financing:
negotiable
Support & Training:
Two weeks on-site. One year via phone/e-mail/text.....
Reason for Selling:
Moving to join family on mainland.
Business Website:
http://rentawreckkauai.com/
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Business Location


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(from currently available funds)
 
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Jim Mayfield

Business Listed By:
Jim Mayfield

Island Business & Commercial Brokerage

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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.

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