Profitable and Extremely Low Rent!
This business fires on all cylinders: it’s a well-established, low rent, highly profitable car and van rental business with a near captive audience. In business for 20+ years, it is located in the main lobby of a large, well-known, high occupancy hotel, which has excellent visibility on one of the main streets near John Wayne Airport.
This owner has a fantastic niche. The hotel prominently advertises on-premise car rental, which flows exclusively to him! In addition to the hotel guests, he has built a solid base of accounts that use the vans & other vehicles on very frequent basis, with excellent margins! These repeat customers include many local churches, high schools and sporting event teams that need regular transportation to events. Additionally, large visiting groups frequent this business; it is a top choice, because their rental fleet features a large number of multi-passenger vans, as well as mid-size sedans.
The business can be managed either entirely by an owner-operator or by one qualified employee. It runs off of car rental software, which handles reservations, invoicing, and fleet maintenance records. The fleet vehicles are all free and clear and are included in the asking price.
It’s that time for the Seller: retirement. He’s been profitable, but there is definitely room for an energetic Buyer to grow revenues. One area to consider would be renewing the businesses' previous relationship with U-Haul to increase revenues. Most of all, in today’s day and age, you need a digital strategy: update to one website (Seller has two) with modern features (online reservations, etc.), and spin up a social media presence to drive more business.
This business has everything our Buyers ask for: it’s a ramped up turnkey business, where a buyer can step in and make $100K to start. It is straightforward to operate, with excellent growth potential. It has free advertising, low overhead, and a near captive audience of viable accounts. This opportunity will move quickly, so contact your Agent today.