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Opportunity To Put This Business Back On Its Feet In Otago

Location:North Vic, Southland

Category:Others

Asking Price:$Refer to Broker

480000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Opportunity To Put This Business Back On Its Feet In Otago
  • Opportunity To Put This Business Back On Its Feet In Otago

Business description

Like cars, like people and want to work for yourself. Think you have got what it takes, then read on.

This car rental business will earn the working owner a good income, a good life in a fantastic location, an enjoyable working environment and a good investment.

Every car out on hire is putting money in your pocket, even when you are not at work. When you go on holiday, you are still earning. How many business owners can say that?

It has worked for the current owner - he has done it for 26 years. No one in their right mind would stay in business for that length of time if it weren't worth it. He is 70 now and would like to retire.

This car rental business has been growing steadily over the last 10 yrs. COVID-19 has hit this business due to the lack of tourists.

The working owner has restructured the business, and it is in a position to make similar profits to what it was doing before the shutdown.

In 26 years it grew from just nine cars to 69 cars on the fleet - over a seven-fold growth in that time. The business still has lots of potential for future improvements.

There is currently 1 full-time staff member assisting the owner, who is more than capable of running the business when the owner wants to take time off.

The reasonably new Franchise company owners are proving to be forward-thinking and very helpful to the Franchisees. They are a real asset to the Franchisee's business, and this will make it easy for a new owner to come up to speed.

This Franchise has been around for many years and is now an iconic and highly regarded Franchise Brand in New Zealand. Within the Franchise, the various Franchisees often work together and collaborate to assist one another, which is also very helpful to a new owner.

What are the benefits of owning a car rental business?
If you like cars and like people, then it is an ideal working environment.
This franchise business is allied to a sharp corporate image that drives clients to your business. You are earning a good income and growing your capital investment at the same time. A car rental business has two streams of income. The first comes from the rental of cars.
The second income stream comes from buying and selling cars.
You buy cars at wholesale rates, then run them in the business for profit, while depreciating the book value. You then sell the vehicles on the retail market. In a car rental business, the cars are devalued at a high level of depreciation each year. This helps with cash flow and also enables the owner to sell the vehicles after depreciation, at above book value, thereby making additional income.

Thirdly, as you increase the vehicle fleet, you are growing your asset base and the value of the business and therefore, your investment.
What more could you want?
What is the business priced at?
The fleet was at 68 cars - this has been drastically reduced. The whole business has been restructured to go forward, make a good profit and rebuild to its former leading position. The Vendor is available to discuss all options with the buyer.

The overall package is negotiable and flexible. Nowadays, where do you buy a highly successful business that makes this level of income and shows strong growth as well as having flexible buying terms?
To have a chat phone Basil Badenhorst on [Phone Number Censored] today. Link Business Brokers
Ref: EL01468
Timestamp: [Phone Number Censored]

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