Hot Listing
Dynamic Rent-a-Car Agency w/ Strong Growth - Seller Financing
Business Description
Excellent Opportunity to Get Into the Car Rental Market
Structure of deal:
>Asking Price: $2,750,000
>Downpayment: $550,000 (20%)
>Seller Note: $2,200,000 (80%)
>Term: 9.5%, amortized x 15 years, balloon in 10.
Note on Vehicles:
>Fleet consists of 175 vehicles, lender-financed.
>Buyer needs to qualify for a line of credit of approx. 3.5M to transfer title of vehicles.
This fast-growing regional car rental and fleet maintenance business has a rental fleet targeting 200 vehicles in 2025, seamless rental experience enabled by cutting edge technology, and fully staffed operation, this business is poised for significant growth in 2025 and beyond.
The fleet maintenance division is licensed for both retail and wholesale services, having the capacity to absorb increasing fleet size to over 500 vehicles. All vehicles are owned by this separate legal entity and leased to the car rental division. Title, insurance, repairs, taxes, etc., are managed at this entity level.
What is not included in the sale:
> Vehicles - need separate lender financing
> Branding - will be retained by seller for use as marketing affiliate.
>Asking Price: $2,750,000
>Downpayment: $550,000 (20%)
>Seller Note: $2,200,000 (80%)
>Term: 9.5%, amortized x 15 years, balloon in 10.
Note on Vehicles:
>Fleet consists of 175 vehicles, lender-financed.
>Buyer needs to qualify for a line of credit of approx. 3.5M to transfer title of vehicles.
This fast-growing regional car rental and fleet maintenance business has a rental fleet targeting 200 vehicles in 2025, seamless rental experience enabled by cutting edge technology, and fully staffed operation, this business is poised for significant growth in 2025 and beyond.
The fleet maintenance division is licensed for both retail and wholesale services, having the capacity to absorb increasing fleet size to over 500 vehicles. All vehicles are owned by this separate legal entity and leased to the car rental division. Title, insurance, repairs, taxes, etc., are managed at this entity level.
What is not included in the sale:
> Vehicles - need separate lender financing
> Branding - will be retained by seller for use as marketing affiliate.
About the Business
- Number of Employees
- 12
Real Estate
- Owned or Leased
- Leased
About the Sale
- Financing Options
- Seller financing available.
Listing Info
- ID
- 2381626
- Listing Views
- 1921
Listing ID: 2381626 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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