Business Overview

This is a very unique business that is exploding after a stellar 2021 year. Over 160+ cars come with this business that are rented for ride share purposes. This opportunity also comes with a built in auto repair business that goes hand in hand with the rental of cars in the main portion of the business. Real Estate tied to where the business is based is also included in the listing price. Inquire within to discuss what is here to offer and review.

Financial

  • Asking Price: $4,900,000
  • Cash Flow: $935,000
  • Gross Revenue: $3,156,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other ventures

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell operating businesses. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of various other factors. This is why it is extremely important that you not rely absolutely on a vendor's word, but rather, utilize the seller's answer in conjunction with your overall due diligence. This will paint a much more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover points like inventory, payroll, accounts payable, etc. Remember that occasionally this can mean that profit margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be met or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area attract new customers? Many times, companies have repeat clients, which create the core of their day-to-day earnings. Particular elements such as brand-new competition growing up around the location, road construction, and employee turn over can impact repeat customers as well as negatively influence future revenues. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the chance to develop a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the regional median house earnings influence future income prospects?