The sale of this successful rental car operation includes 50-plus cars owned free and clear and maintained impeccably. The vast majority of the fleet are German cars -- VW Passats and Beetles, Audi A4's and A6's,Mercedes Benz C-Class sedans. Estimated car value alone is approximately $150K.
This profitable rental car company has carved out a successful niche in the longterm rental car business. The shop is often packed with customers. The family-run business opened in 2008 and has steadily improved annual revenues and market share in the longterm rental car trade.
This consistent income producer would make a terrific investment for an experienced car rental professional or a service technician willing to repair his own fleet of mostly-German cars. The company operates 7 days a week by appointment only starting at 10am. This allows the owner to limit expenses and run the business with less than 5 employees. Customers book cars through the company website or by phone. Vehicles are rented for a minimum of one week at a time, up to one month at a time. Rates are generally less than $200 per week and less than $700 per month.
Longterm rates in this operation are consistently 20-60% less expensive than branded, retail car rental locations in Los Angeles. This discounting drives their business and builds powerful loyalty with value-conscious renters. The owner indicates much of his business comes from private individuals but he also has numerous corporate clients who need longterm rentals for employees.
This is a single-location rental and repair shop operating from warehouse space, not a retail location. It's a 4,800 square foot industrial space with a garage, front office and rear storage area. There are no customer walk-ins, no signage on the warehouse, no long lines at a front desk. The current lease at $4,120 total monthly rent runs through June 2017, with three one-year options to follow.
The purchase of the business includes the owner's fleet of 50-plus automobiles, which are all owned free and clear. Not a single car has a loan on it. The great majority of this fleet are German-made sedans. He owns more Volkswagen Passats than any other model. He's also got quite a few Audi A4's and A6's and Volkswagen Beetles. Also in his fleet are a handful of Mercedes Benz C-class sedans, convertibles, and one Ford F-150 pickup.
This is a fabulous, profitable business run by a husband and wife who wish to expand their other business interests.
Asking Price $360,000
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