Car Rental Business-Mid-Atlantic-Well Established & Profitable
| Asking Price: | Not Disclosed | Inventory: | |
| Gross Revenue: | $1,200,000 | Real Estate: | n/a |
| Cash Flow: | $500,000 (comments below) | FF&E: | $800,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Discretionary Earnings | |||
King & King Business Advisors, a King & King, LLC company (hereafter referred to as King & King), has been appointed the exclusive broker for this profitable independent Rental Car company. All questions and inquiries regarding this transaction should be directed to King & King.
Over the past sixteen years this business has grown, expanded, adapted, and now right-sized all in response to changes in the market, economy and business model viability. At the height of it’s growth and expansion the business operated from several locations around the Baltimore City, Howard and Baltimore County area.
Poised to see 2009 gross sales in excess of $1,200,000 and discretionary earnings of approximately $500,000, this business has absolutely no debt and a very strong balance sheet. The current fleet is comprised of approximately 100 vehicles with utilization at 80-85% on a daily basis. This niche rental car company serves the insurance replacement market. Nearly all of the rentals are billed directly to insurance companies resulting in little, to no, collection or bad debt problems.
King & King does not believe there is one asking price that is appropriate for the sale of a business. Every business has attributes that set it apart from other similar businesses for a variety of reasons. A buyer who is able to realize business synergies by combining the client company with its own operation, or by eliminating duplicative expenses, may have a different value expectation than a buyer who would operate the business as a stand-alone entity. King & King recommends that each prospective buyer evaluate the acquisition opportunity according to its own particular business characteristics and goals, and price their offer accordingly.
For more information regarding this business you must be willing to provide a personal financial statement and sign a confidentiality agreement.
Over the past sixteen years this business has grown, expanded, adapted, and now right-sized all in response to changes in the market, economy and business model viability. At the height of it’s growth and expansion the business operated from several locations around the Baltimore City, Howard and Baltimore County area.
Poised to see 2009 gross sales in excess of $1,200,000 and discretionary earnings of approximately $500,000, this business has absolutely no debt and a very strong balance sheet. The current fleet is comprised of approximately 100 vehicles with utilization at 80-85% on a daily basis. This niche rental car company serves the insurance replacement market. Nearly all of the rentals are billed directly to insurance companies resulting in little, to no, collection or bad debt problems.
King & King does not believe there is one asking price that is appropriate for the sale of a business. Every business has attributes that set it apart from other similar businesses for a variety of reasons. A buyer who is able to realize business synergies by combining the client company with its own operation, or by eliminating duplicative expenses, may have a different value expectation than a buyer who would operate the business as a stand-alone entity. King & King recommends that each prospective buyer evaluate the acquisition opportunity according to its own particular business characteristics and goals, and price their offer accordingly.
For more information regarding this business you must be willing to provide a personal financial statement and sign a confidentiality agreement.
About the Business
Year Established:1993
Employees:3 full time - 2 part time
Facilities:1200 square feet retail storefront. Monthly rent 1,400.
Market Outlook and Competition:Very little competition in this niche.
About the Sale
Reason For Selling:Retiring from business
KEYWORDS: Rental Car Business, Rental Cars, Car Rental, debt free, Baltimore, Maryland
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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