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National Car Rental with 58% margins

Kenosha, WI (Kenosha County)

National Car Rental with 58% margins
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Asking Price: $595,000

Cash Flow: $118,218

Gross Revenue: $291,475

EBITDA: $167,523

FF&E: $25,000

Inventory: $75,000

Real Estate: $350,000

Established: 2003

National Car Rental with 58% margins

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Business Description

In business for over 15 years, own 25-30 cars and real estate. Gross sales of $291,475 in 2018 with $118,218 in profits along with NET REVENUES from real estate of $49,305. total net revenue of $167,523. Potential to grow the business, we are renting 98% of fleet consistently. Average cost of car $3500- 4,500 with revenue of $1100 per month, pay off the car in four months, with 8 months of profit.
Very profitable business with only two employees!!!

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Detailed Information

Location:
Kenosha, WI
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,600
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
New Roof, clean Phase 1, tanks out, old BP Gas Station, New asphalt over parking lot, plenty of room for expansion
Competition:
no competition, we accept CASH, DEBIT and CREDIT CARDS no one else does.
Growth & Expansion:
Expansion and growth no problem, in 2014 we had 51 cars, but one partner left so we downsized
Financing:
net income on RE $49,305
Support & Training:
Ownership will stay for 3 months or longer
Reason for Selling:
retiring
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Patrick Haris

Business Listed By:
Patrick Haris

Cambridge Realty & Brokerage

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