Successful Car & Van Rental - PRICE REDUCED

Orange County, CA

Successful Car & Van Rental - PRICE REDUCED
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Asking Price: $429,000

Cash Flow: $115,000

Gross Revenue: $266,000

EBITDA: N/A

FF&E: N/A

Inventory: $190,000

Rent: $2,700 /Month

Established: 1998

Successful Car & Van Rental - PRICE REDUCED

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Business Description

This car rental business fires on all cylinders: it’s a well-established, low rent, highly profitable car and van rental business with a near captive audience. In business for 20+ years, it is located in the main lobby of a large, well-known, high occupancy hotel which has excellent visibility on one of the main boulevards adjacent to John Wayne Airport.

This owner has a fantastic niche. The hotel prominently advertises on-premise car rental and there is outstanding signage at the front of the hotel. In addition to the hotel guests, he has built a solid base of accounts that use the vans & other vehicles on a very frequent basis, with excellent margins! These repeat customers include many local churches, high schools and sporting event teams that need regular transportation to events. Additionally, large visiting groups frequent this
business as their top choice because the rental fleet features eighteen (18) multi-passenger vans. In addition to these vans, the fleet has seven (7) mid-size cars.

This business can be managed either entirely by an owner-operator or by one qualified employee. Please note that this could be a great opportunity for a husband and wife team. TSD car rental software is utilized in the business which handles reservations, invoicing, and fleet maintenance records. The 25 fleet vehicles are all free and clear and are included in the asking price.

It’s that time for the Seller: retirement. He’s been profitable, but there is definitely room for an energetic Buyer to grow revenues with aggressive marketing and promotion. Most of all, in today’s day and age, you need a digital strategy: update to one website (Seller has two) with modern features , and spin up a social media presence to drive more business.

This business has everything our Buyers look for. It is a turnkey operation that is straightforward to operate with excellent growth potential. This is a rare opportunity!

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Detailed Information

Location:
Orange County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
6/30/2021
Employees:
0
Facilities:
Facilities include rental counter in main hotel lobby plus a two room suite with private restroom.
Growth & Expansion:
This business has extraordinary growth potential.
Support & Training:
Full training to be offered by Seller.
Reason for Selling:
Retirement.
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Earla King

Business Listed By:
Earla King

BottomLine Business Brokers

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Sponsoring Broker:
Sean Edelstein

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