 | Car Hire And Van Rental Business For Sale West Midlands, United Kingdom Advert ref: 1418JMH FINANCIAL DETAILS | Asking price: £110,000 Sales revenue: £500k < 1m Net profit: < £100k Fixtures value: Undisclosed Stock value: £150,000 |
FRANCHISE TERMS | The business is part of a major Car & Van Rental Franchise operation operating in over 60 countries through 1200 outlets. The Franchisor currently has some 90 locations in the UK and over the past 10 years has grown to become a powerful force in the UK car hire franchise market.
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BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale well established business which has only been made available for sale due to the owner wishing to retire.
Although originally focusing on the hire of cars to mainly the business community, the owner took the decision some time ago to build up a fleet of small vans and panel vans, all under 3.5 tonnes, and therefore under HGV licensing.
The business is part of a major Car & Van Rental Franchise operation operating in over 60 countries through 1200 outlets. The Franchisor currently has some 90 locations in the UK and over the past 10 years has grown to become a powerful force in the UK car hire franchise market.
The owner has overall control of the business, although most of the day-to-day booking and scheduling is carried out by general manager, a booking/receptionist person, a driver and a transporter driver, all working full-time.
The business normally runs between 70 – 90 cars (all hired) and currently, some 18 vans, which are all owned.
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GENERAL INFORMATION | Years established: 8 years
Employees: 4 employees
Property: Leasehold
Lease terms
A renewable 6 year lease, commencing 2006 at a rental of £9,500 pa with a 3 year break clause and subject to 3 year reviews.
Location
The business is well located in a main industrial area within the West Midlands offering a vast retail and commercial market, and is approximately 3 miles from the main motorway network.
Expansion potential
The business offers excellent potential for any owner manager.
Support & training
Excellent handover assured, with training from franchisor.
Reasons for selling
Genuine retirement sale
Financing available
This business should readily support loan finance, subject to status. For further information, please contact our office.
Related documents
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The Business Partnership - Birmingham, West Midlands, Hereford & Worcester | | | |
