Established Automobile Rental, Leasing & Sales

Houston, TX
Harris County

Southwest Houston

Asking Price: Annual Revenue:
$700,000 $2,175,413

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle

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RE: Established Automobile Rental, Leasing & Sales Broker: Jeffrey Jones

Quick Facts

Asking Price: $700,000
Annual Revenue: $2,175,413
Net Profit: Not Disclosed
Cash Flow: $413,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: Not Disclosed
BBN Listing #: 486131127
Broker Reference #: 4301-82317

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Business Overview:

This company specializes in car rentals and used car sales.  The company buys used cars from various auto auction houses.  All cars are equipped with GPS tracking equipment.  They then lease these vehicles on a short term basis for people who do not have credit cards and/or good credit.   They accept cash, debit card, and prepaid/gift cards.  They also offer car rental insurance for those customers who do not have their own insurance.  Car rentals are $50 to $120 per day depending on the size and type of vehicle, plus $20 per day for rental insurance.  Customers include students, foreigners, and people who have poor credit ratings.  Cars include late model Honda, Toyota, Nissan, Chevrolet, Ford, Chrysler, Dodge, Kia, Hyundai, BMW, & Lexus.  
The company sells used cars either for cash or utilizing the company's rent-to own program.  Last year the company sold over 500 cars and they expect to sell over 700 cars in 2018.  The company is a volume wholesale distributor in the southwest region of Texas.  They retail select units that are in high demand.  Typically, their cars are a one owner or off-lease late model with low mileage.  Their inventory consists of 70 to 80 cars on their lot.  The Company also can help a customer find a specific type vehicle being offered at the auction houses and then charges a fee for buying the vehicle for the customer.  The company is licensed and bonded as a used automobile dealer in the state of Texas.  The company moved to their present location in February 2018 from their former location on Beechnut.  Their new location is more than double the size of their previous site, with better access and visibility.  The company is now having record sales and leasing.  

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Property Features and Assets:

6,000 square feet leased space.

Reason for Selling:

Other Business Opportunities.

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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