Temporarily Off Market - Car Rental Company

Brooklyn, NY (Kings County) (Relocatable)

Temporarily Off Market - Car Rental Company
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Asking Price: $32,500,000

Cash Flow: $6,732,023

Gross Revenue: $16,340,057

EBITDA: N/A

FF&E: $1,000,000

Inventory: N/A

Established: 2006

Temporarily Off Market - Car Rental Company

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Business Description

Runs on Autopilot. 90% Repeat Customer Rate. 78% Gross Profit Margins.

Founded in 2006, this highly profitable business primarily specializes in providing automobile fleet rentals for the movie industry and their prestigious client list includes some of the world’s largest corporations such as NBC, Warner Brothers, NBA, Under Armour and more. With consecutive double digit YOY growth every year for the past 5 years, this business shows no signs of slowing down and is rapidly approaching $20MM in annual revenues.

The company’s highly valuable infrastructure and assets include hundreds of vehicles and their established relationships with several car manufacturers allow for the business to return cars at a preset depreciated value. These arrangements drastically reduce depreciation risk and make it easy for the business to continually update their fleet with the latest car models.

With over $17MM in net profits in the past 5 years alone, this turnkey business includes an 12 year track record of continued double digit YOY growth, a highly valuable base of recurring revenues from repeat customers and over $1MM in FF&E, which makes this a highly attractive acquisition opportunity that offers huge upside for overall return on investment.

Detailed Information

Location:
Brooklyn, NY
Employees:
50
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business has 2 locations with 6,000 square feet and 5,500 square feet respectively. The business is currently operated out of warehouse space with 8,000 square feet of usable space, although the business could be operated out of a smaller space.
Growth & Expansion:
3 Years of Consecutive YOY Net Profit Growth. Huge Repeat Business.
Support & Training:
The seller is committed to the company's ongoing success and will provide 30-60 days of complete training and support.
Reason for Selling:
Seller is focusing on an unrelated business venture.
Business Website:
http://lighthousebusinessbrokers.com/listings/17480
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(from currently available funds)
 
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Sal Clark

Business Listed By:
Sal Clark

Lighthouse Business Brokers

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Sponsoring Broker:
Andrew Rosenthal

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