Mobility Impaired -Electric Scooter Rentals for Handicap

Raleigh, NC (Wake County) (Relocatable)

Seller Financing Available
Mobility Impaired -Electric Scooter Rentals for Handicap
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Asking Price: Get Financing: $140,500

Cash Flow: $63,500

Gross Revenue: $155,000


FF&E: $105,000

Inventory: $1,200

Lease Rate: $4.50 /SF/Month

Established: 1992

Mobility Impaired -Electric Scooter Rentals for Handicap

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Business Description

Y IF YOU WANT TO SEE THIS IN OPERATION, it will be at the Furniture Mart, then outdoor events in the SPRING - The North Carolina State Fair was Oct-16-26. Then we packed up for the winter, HURRY, you can still make $30,000 in 10 daysnext year! This is really a two part business. One part has been established for 25 years, has tax returns and is a proven Cash Cow. The other part is an obvious expansion of the first part - to new "In door" 24/7/365 locations. (NOTE FROM BROKER: I had just ONE NEW LOCATION TBD listed last year - to sell just ONE (1) individual location. Asking for $250,000 AND had lots of takers. It was advertised as "Absentee Ownership Service Business". But I backed off selling individual locations until for lack of a working partner.) Now I want to sell the whole company, not just one location. I'll do it on an "earn-out" but you need some "skin-in-the-game". The half of the $400K will be immediately invested in FF&E to enhance the business. Here's a summary of ONE location: $6,000 NET (after expenses) Rental Income, Guaranteed Every Month. The company requires All cash to buy the units, to up fit them and install them at the location that you choose. Sources of Financing: Personal Resources such as Savings, stock market, CDs or your Home Equity. Ask me how to use your YOUR IRA, pension funds or 401K. Bank loans are tight even if you have good credit, but an SBA guaranteed loan is a good bet if you qualify. Read on!

Based in Raleigh, NC we rent electric carts, to a captive audience. These are similar to the free scooters for mildly disabled or handicapped folks you see in Home Depot, Grocery or Wal-Mart. Have you ever noticed the hundreds of users of electric scooters at Disney World or Epcot? tose are not free rentals. (They rent tehm from $45-75 a day). Our actual rental is so inexpensive that we are certain we will earn at least $144,000 cash flow per 80 carts. You see, our rental is only $5 for 30 minutes at our exclusive newly added large public facilities or other locations, to die-for! We call ours PTUs, Personal Transportation Units because they are different! Think of the "Smart Carts" you see that rent for a buck. Our PTUs are so much "Smarter" and more advanced, it's

Attached Documents

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
1 plus 20 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Presently We are the Vendor of Choice at a number of State Fairs and other events. (There is a very real opportunity for Expansion which could be adding Electric carts to be rented at the busiest Malls and larger Public events.That's not the $145,000 part. The expansion is another $400,000 and is optional and all projections. (Home Based)
Describes the Expansion: Recurring Rental Income. Which would you rather have? An equipment company that sells an item once for $5,000 and then has to find a brand new customer to sell a second $5,000 item, or a company that rents that same $5,000 item over and over and takes in $5,000 each month, year after year, Per ITEM? We think the best service business in the world is one that has such Recurring Rental Income. Read on Very little apples to apples
Growth & Expansion:
Part One is seasonal. You make all your money in the Summer and Fall. That's the $124,999 that can net you $90,500 if you work personally, $50,000 if you hire a stand-in. Not bad for 5 months PASSIVE OWNERSHIP and ROI!! Part Two, however, can be $5,000 -$10,000 a month 24/7/12 for every new permanent site you open with a cost of $250,000-$400,000. You need to talk to me to fully understand Part Two. There are dozens of new permanent sites ready willing and able, only lacks capital and a little Entrepreneurship.
Yes, this is an Earn Out on top of the minimum $400,000 CASH.
Support & Training:
Yes, the Owner will work with you to open new locations too!
Reason for Selling:
Working Partners Require to expand.
This business is Home-Based
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Lou Sauer

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Lou Sauer

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