Discount Airport Car Rental Company

Lihue, HI
Kauai County

Located four block from the airport.

Asking Price: Annual Revenue:
$299,000 $318,375

Services: Taxi, Limo, & Passenger Transportation

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RE: Discount Airport Car Rental Company Broker: Jim Mayfield
Owner Financing is Available!

Quick Facts

Asking Price: $299,000
Annual Revenue: $318,375
Net Profit: Not Disclosed
Cash Flow: $176,561
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: HI
Year Established: 2005
Employees: 1
BBN Listing #: 410748018
Broker Reference #: Not Disclosed

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Business Overview:

PRICED TO SELL! Sellers moving for family reasons. Priced below valuation. Revenues and profits continue to grow (2016-through 4/11/19). Inventory includes 33 used Toyotas. 4 1/2* Yelp review. Studio unit built-in within warehouse/office space for owner usage and/or tenant rental. Located four blocks from Lihue airport and within walking distance. One of only two licensed used rental car companies allowed/licensed to do pick-ups and deliveries at the Lihue Airport. Growth opportunity: owners spend very, very little money on marketing/advertising/social/on-line marketing ($670 2018 expense). "Standard" advertising would almost certainly increase demand/revenues and profits.

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Property Features and Assets:

2,500 square feet warehouse, including 400 square feet mezzanine studio/office. Additional yard-space for available cars outside roll-up door to warehouse unit.

Market Competition and Expansion:

Very fragmented market. Roll-up of competitors is an option. Great demand for car storage facility near airport. A larger facility/yard would allow for additional cars for rent and expansion into this line of business. Utilizing standard on-line marketing and "post-cards" reminders to annual visitors/timeshare owners would certainly drive revenue and profits up. Experience on Kauai would allow for expansion to other Hawaii islands.

Reason for Selling:

Moving to join family on mainland.

Additional Details:

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

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