Rental biz-High Margin
| Asking Price: | $2,200,000 | Inventory: | $1,000,000 ++ |
| Gross Revenue: | $1,700,000 | Real Estate: | $1,700,000 ** |
| Cash Flow: | $650,000 (comments below) | FF&E: | $100,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: No depreciation added back, rent deducted! | |||
This limousine and formal wear rental business has consistently been one of the best in the country. High margins and consistent excellent profits for a decade in all economic conditions. This is one of the best businesses of its kind in the country. Owner built the strip centers and showrooms which are also available. Real estate has good income in addition to that from this business and is in a very visible and busy area with great prospects for appreciation.
About the Business
Year Established:1995
Employees:8 full time - 8 part time
Facilities:Great real estate built to support this business in just the right area and building design. High traffic, great visibility and excellent prospects for appreciation. All real estate is available for $1.7 mil which is below appraisal.
Market Outlook and Competition:This business has been consistently a leader with consistent profitability and sales for many years and effect of economic slowdown has been minimal. There is potential for consolidation and takeover of some business from smaller competitors. This is the leader.
About the Sale
Reason For Selling:Other interests.
Seller Financing:Perhaps 10%.
KEYWORDS: formal rental, chauffer, limosine, limousine, tuxedo, formal wear, investment real estate, strip center.
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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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