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Van Rental Business in Knoxville

Knox County, TN

Van Rental Business in Knoxville
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Asking Price: $130,000

Cash Flow: $40,000

Gross Revenue: $100,000

EBITDA: $55,600

FF&E: $2,500

Inventory: $90,000

Rent: $750 /Month

Established: 2017

Van Rental Business in Knoxville

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Business Description

Looking for a business with low time commitment & expansion potential?

Easy Van Rentals opened in 2017 with the goal of bringing quality passenger van rental services to Knoxville and the surrounding areas. Anyone who has rented a 15 passenger van before knows the hassle of doing so. The major companies hide fees, don't guarantee their reservations, are inflexible with simple items and make the rental process difficult at best and oftentimes impossible. Easy Van Rentals has several advantages over the competition including tow hitches, free delivery, guaranteed reservation, customer friendly information transfer, high top vans, sirius satellite radio, and a modern fuel economical fleet. All of these things are why one would want to rent from Easy Van Rentals. Now here's why you will want to own Easy Van Rentals! We have worked very hard to build a business based on integrity and going the extra mile for the customer. Our perfect 5 star reviews show that to be a fact. Easy Van Rentals is a perfect fit for the business owner who wants a good schedule and doesn't want to be chained to a desk all day long. When everything is rented its a great day to pursue your favorite hobby! When you get a customer call it rings directly to your cell phone. No walk in traffic negates having to be at the office during business hours. Additionally, Easy Van Rentals is a great investment for someone who is recently retired and wants to maintain some activity to stay sharp while generating income at the same time. This business is on a distinct upward trajectory of growth! Projected sales for 2019 are on pace to more than double sales from 2018 and growing this business is as simple as adding more vans and advertising a commensurate amount. The customer base looking to rent 15 passenger vans generally consists of the "cream of the crop." Having owned several successful businesses we have learned that sometimes dealing with an unreasonable customer can be the most challenging task of the day. Easy Van Rentals is different than a rental agency that rents cars or other equipment in many ways. One way is the fact that the customers who rent from us are very pleasant to deal with and much easier to deal with than, for example, a customer who would be renting a car after theirs was wrecked. The higher price point of 12 & 15 passenger vans attracts customers who are focused on a mission which takes more resources, responsibility, and planning than a casual car rental. As such these customers generally care for the vans more consistently than other types of rentals. We love helping them successfully complete their mission. We beat the competition on multiple fronts and are looking forward to showing you the secrets of how we do it!

Detailed Information

Location:
Knox County, TN
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
12/31/2018
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Assets: desktop computer for reservations/records, 2016 & newer Ford Transit 350 15 Passenger vans, van general maintenance items (filters, wipers, etc), book of customers we have communicated with and done business with. Lots of repeat customers! $20,000+ in accounts receivable (future bookings). Office space with garage currently leased in North Knoxville on a month to month basis. Could be easily re-located to another Knoxville location with no down time or get rid of the rental space and focus exclusively on delivery maximizing profitability.
Competition:
Easy Van Rentals led the charge into the Knoxville marketplace ahead of two other independent rental agencies specializing in the 15 passenger van market. Prior to Easy Van Rentals opening the only rental agencies we were able to find via internet search were the "box chains" hertz, enterprise, etc. Location isn't super important in this particular business and offering free delivery makes it even less important. We offer vans that a majority of the competitors don't have.
Growth & Expansion:
Business locations could easily be added increasing revenue, additionally handicapped accessible vans as well as work/cargo vans could be added which would increase customer base. Other vehicle types could be added as well which would increase revenue.
Support & Training:
Current owner will be available for 3 weeks (15 business days) of in person one on one training as well as an additional 3 months of business hours (9am-9pm 7 days a week) phone availability. This business is so simple you'll be a pro in about 3 days but the owner stands by to assist with anything unforeseen.
Reason for Selling:
In beginning stages of a long distance relocation.
Business Website:
http://www.easyvanrentals.com
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Business Listed By:
Robert Miller

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