Very Profitable, Solid Cash Flow with Part-Time Hours
Essex County, Massachusetts
Listing Number: 1324
- Asking Price: $175,000
- Gross Income: $307,000
- Cash Flow:$120,000
Two highly profitable car rental franchises are available for sale! In business for several years, they provide daily car rentals to insurance companies, body shops, local corporations and residents for business and personal use.
These locations have experienced a high level of success since opening and net the owner $121,000 in yearly income working approximately 25 hours per week managing the business. Year-to-date in 2012 the business is up 20% versus the same period in 2011.
According to an industry report by IBIS World, the car rental industry is forecasted to grow from 2012-2017. Off-airport markets, such as these locations have remained stable because they are not dependant on air traveler demand. Additionally, car sharing, where consumers rent cars by the hour for local use, is a rental segment that is rising in popularity. Several key drivers for business are forecasted to increase during 2012, including increased demand from domestic airlines, higher per capita disposable income and increasing corporate profit leading to larger travel budgets.
This business is turn-key and the perfect acquisition for any buyer, even one with little business experience! The owner and Franchisor will offer training and support and the owner has administrative staff working in the business as well. A buyer can expand the business through purchasing additional territories and adding more corporate accounts!
Facilities: The office is 200 SF and the rent is $400 per month all inclusive. There is plenty of off-street parking for customers and vehicles. The second location includes an office and car lot, and the rent is $900 per month.
Support/Training: The owner will provide necessary support and training.
Growth & Expansion: A buyer has a unique opportunity to expand cash flow by purchasing additional locations.
Employees: 3 Including the owner
Contact: Sarah Grossman
BayState Business Brokers, 61 North Beacon Street, Suite 203 Boston, MA 02134
T: 617-562-5700, F: 617-562-5701