Charleston Based Semi Absentee Car Rental Business

Relocatable, SC Charleston County

Asking Price: $440,000

Annual Revenue: $576,885

Services: Rentals - Party, Equipment

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Charleston Based Semi Absentee Car Rental Business

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RE: Charleston Based Semi Absentee Car Rental Business
Contact: Ken Tallmadge

Owner Financing is Available!

$44,000 down/$44,000 over 120 months. @ 8%/Other Financing.

Quick Facts

	Asking Price:	$440,000
	Annual Revenue:	$576,885
	Net Profit:	Not Disclosed
	Cash Flow:	$192,661
	Total Debt:	Not Disclosed
	FF&E:	$203,000
	Real Estate:	Not Disclosed
	Year Established:	2020
	Employees:	3
	BBN Listing #:	942965
	Broker Reference #:	1203+-18272

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Business Overview:

This Charleston business is a streamlined car rental business with a niche market that is essential to the local community. The demand for their service outweighs the current supply. The owner is responsible for administrative duties, securing contracts, maintaining the fleet of vehicle and overseeing the operation. The purchase price comes with the fleet vehicles and equipment needed to service the current client base.

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Property Features and Assets:

The business rents a 1,250 square feet office suite with ample parking located within the very hub of their ideal customer base. The monthly rental is $1,500. Additional offices and storage within the suite for expansion opportunity. There is also an area for onsite vehicle repairs and for the mobile mechanic to utilize.This business is easily relocatable as there are many rental office locations in the area.

Assets $203,000

Market Competition and Expansion:

There are many competitors in the industry but there are very few that cater to the local community. The business is based directly in the community it serves and where car rental is essential for daily transportation and car ownership is not an option.

Over the next 5 years, the Car Rental Industry revenue is expected to rise at an annualized rate of 1.6 %. The industry is expected to benefit from recovering businesses that were impacted by COVID. The local market continues to see an influx of businesses and homeowners relocating to the coastal region. This brings enormous potential for growth.

Reason for Selling:

Owner is selling the business to pursue other interests.

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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