Well Estabilised Car Hire Company For Sale

Business description

Well established, successful ‘Car Hire Business’ trading from main road premises to a top international resort location. The owner now wishes to retire after an amazing 27 years.

Included in the sale price is the lease on a large office and garage (approx 300m2 floor area) together with all cleaning & maintenance equipment, 19 fully owned and paid for cars, and the valuable licenses / permits pertaining to the business.

The cars comprise Ford (Ka, Fiesta & Focus), Peugot 106’s & Hyundai Accents, all aged between 1 & 5 years old with air-conditioning, fully serviced and insured ready for the season.

Overheads are low noting the extra low rent, and with servicing / maintenance of the cars done ‘in house’ by one full time mechanic (no other staff employed). Depreciation on the cars is minimal when compared to the UK.

75% of the business comes via a repeat, regular client base of 250 clients from Germany, England, Switzerland, etc. The rest is through recommendation and word of mouth - note no internet advertising!

Profits are high with the business trading all year round, opening 9am-1pm & 4-7pm + Sunday & public holiday mornings 9-12am only. The seller will stay with the new purchaser for a while to assist in the handover of the company.


COMMENT:

To obtain permits for a new high street car hire business would now be near impossible (assuming you could find a suitable location) thus making the premises lease valuable indeed. Now add the cars and goodwill, and it can be seen that this opportunity is attractively priced for a quick sale.

Obviously successful run ‘as is’ but with potential to expand.

Property information

Real Estate:

Lease

Lease terms:

Type : Car Rental Business
Area : SW Resort
Lease : Indefinite (tbc)
Rent : 695€ Monthly
: (approx £487)
Price : 275,000€
(approx £192,500)
: (1€ / 70p)

Contact the seller