Cash Flow Strong Car & Truck Rental Agency
Not Disclosed, NJ Somerset County
Northern New Jersey
Seller's Contact Information
- RE: Cash Flow Strong Car & Truck Rental Agency
- Contact: Karin Neumann
Quick Facts
| Asking Price: | $334,000 | |
| Annual Revenue: | $725,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $160,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1980 | |
| Employees: | 2 | |
| BBN Listing #: | 22066267 | |
| Broker Reference #: | 1492-2098 |
Business Overview:
This well-known Car & Truck Rental Agency with Used Car Lot has provided reliable temporary auto rental services to the Northern New Jersey community for over 40 years. The Company has experienced significant revenue growth and enjoys high operating margins with documented profitability.
The company has been fully reviewed and conservatively appraised by a well-known national valuation firm at 3.0x EBITDA (ttm). A full valuation report is included in the prospectus. There is zero debt to be assumed and the deal includes $50,000 in net working capital (Inventory) plus $10,000 in fixed assets. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner-operator will obtain close to $110,000 benefit in after-acquisition-debt cash flow in Year #1.
A comfortable six-months transition period will be provided by an owner who truly wants to continue to see the business flourish. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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Property Features and Assets:
The seller’s 2,500 Square Feet leased facility and half-acre lot is in a prime location with very attractive/flexible lease terms.
Market Competition and Expansion:
The Company enjoys a competitive advantage by leveraging its nationally recognized brand names and highly visible location to provide its client base with exceptional customer service and fair pricing – stability and growth have been the result. This is a turnkey operation with experienced management and national agency agreements in place. It is projected that a new owner will obtain compelling additional growth by expanding the direct sales efforts (including used car sales) with a minimal personnel investment of $50,000 to $100,000 per year. The company projects an accelerated revenue growth rate under such premise of 25% to 35% per year.
Reason for Selling:
Retirement
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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