Rental KNGDM automotive rental company
Business Description
ESTABLISHED AUTOMOTIVE RENTAL BUSINESS WITH PROPRIETARY iOS APP
This profitable automotive rental company, established in 2020, operates in Maine's growing tourism market with strong financial performance and significant growth potential. The business has completed approximately 400 rental trips and generates $100,000 in annual revenue with exceptional cash flow of $82,500, representing an 82.5% margin.
KEY BUSINESS FEATURES:
• Proprietary iOS mobile application available on the App Store
• Home-based operation with relocatable business model
• Established customer base with proven rental history
• $50,000 inventory included in purchase price
• Strong presence during Maine's busy tourist season
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $100,000
• Cash Flow: $82,500
• Asking Price: $250,000
• Inventory valued at $50,000 included
COMPETITIVE POSITION:
Operates alongside established competitors Enterprise, Budget, and Hertz, serving tourists flying into Maine who need reliable transportation solutions.
GROWTH OPPORTUNITIES:
Significant expansion potential identified in Caribbean markets, where the proprietary app technology could capture demand for unique rental offerings that differentiate from traditional rental services.
OWNER SUPPORT:
Current CEO committed to remaining with the business for one year post-sale at an agreed salary, ensuring smooth transition and operational continuity.
REASON FOR SALE:
Owner seeking to pursue opportunities in private plane charter services.
This turnkey operation combines proven profitability with innovative technology and substantial growth potential in emerging markets. The business offers an excellent opportunity for an entrepreneur to acquire an established rental operation with proprietary technology and expansion capabilities.
This profitable automotive rental company, established in 2020, operates in Maine's growing tourism market with strong financial performance and significant growth potential. The business has completed approximately 400 rental trips and generates $100,000 in annual revenue with exceptional cash flow of $82,500, representing an 82.5% margin.
KEY BUSINESS FEATURES:
• Proprietary iOS mobile application available on the App Store
• Home-based operation with relocatable business model
• Established customer base with proven rental history
• $50,000 inventory included in purchase price
• Strong presence during Maine's busy tourist season
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $100,000
• Cash Flow: $82,500
• Asking Price: $250,000
• Inventory valued at $50,000 included
COMPETITIVE POSITION:
Operates alongside established competitors Enterprise, Budget, and Hertz, serving tourists flying into Maine who need reliable transportation solutions.
GROWTH OPPORTUNITIES:
Significant expansion potential identified in Caribbean markets, where the proprietary app technology could capture demand for unique rental offerings that differentiate from traditional rental services.
OWNER SUPPORT:
Current CEO committed to remaining with the business for one year post-sale at an agreed salary, ensuring smooth transition and operational continuity.
REASON FOR SALE:
Owner seeking to pursue opportunities in private plane charter services.
This turnkey operation combines proven profitability with innovative technology and substantial growth potential in emerging markets. The business offers an excellent opportunity for an entrepreneur to acquire an established rental operation with proprietary technology and expansion capabilities.
About the Business
- Years in Operation
- 6
- Employees
- 1 Part-time
- Currently Relocatable
- Yes
- Currently Home Based
- Yes
- Facilities & Assets
- -TURO account with ~400 completed trips over 5 years
-Custom built rental app for IOS platforms with very similar flow to TURO that allows owner to have their very own brand and marketing that also isnt subject to TURO's rules and stipulations. It also has the ability to expand as owner grows adding on to apps current functionality.
-2016 Mercedes benz s550
-2017 jeep wrangler
-2016 range rover sport
-2019 range rover sport
-There also a potential for rental shop space and parking spaces on 302 in Westbrook Maine. - Market Outlook / Competition
- Enterprise budget and hertz are our biggest competition. These companies cover a decent portion of the tourists travel needs when they fly in to Maine.
- Opportunities for Growth
- Ive seen a huge demand in the Caribbean and i have designed this app specifically with the idea in mind to market the app down there and offer a variety of jeep rentals.
About the Sale
- Seller Motivation
- The main reason for selling is that i have my eye on the private plane charter i
- Transition Support
- CEO is willing to stay on board for 1 year for an agreed upon salary.
Listing Info
- ID
- 2471049
- Listing Views
- 14
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2471049 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. See our full Terms of Use. Learn how to avoid scams.
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