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Luxury Car Rental Company Now Available

FL

Luxury Car Rental Company Now Available
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Asking Price: N/A

Cash Flow: $600,000

Gross Revenue: $2,500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2013

Luxury Car Rental Company Now Available

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Business Description

Teed Up To Become The "Airbnb" of Luxury Car Rentals

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: goexio.com/luxury-car-rental-company

Detailed Information

Employees:
5-10
Facilities:
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.
Growth & Expansion:
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.
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.
Reason for Selling:
The owners are ready to tackle new business ideas.
Business Website:
http://goexio.com/luxury-car-rental-company
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Doug Miller

Business Listed By:
Doug Miller

Exio

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