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Established Car rental business in Los Angeles

Los Angeles, CA
Sample of fleet
Asking Price:$300,000
Gross Revenue:$190,000
EBITDA:$90,000
Established Year:2020
Cash Flow:$190,000
Inventory:$187,000
FF&E:$10,000
Listing ID: 2244116Listing provided by BizBuySell
BUSINESS DESCRIPTION

Selling established long-term (month+) car rental business 80% of vehicles are rented.
Fleet of 21 cars (2010 Prius to 2015 Pris + 2 Tesla Model 3).
The rental software license is also included intact.

Commercial full coverage insurance for all vehicles is intact. All vehicles are in good shape and properly maintained. With cars, I will include 1 month of mentorship as well as a maintenance stand for hybrid batteries. Possibly, can be valued as a separate income flow.

Asking Price 300 000$

The average rental rate is 800-1000$ per month / 250-300 per week.

The yearly gross is approx 190 000

There are no obligations for rent (the new owner can rent any space, this is part of mentorship).
All vehicles are paid off with no loans left.

Reason for sale: possible move out of state.

This business is a quick way to start a rental car company with established insurance and LLC. Easily scalable business. The owner can assist with a marketing strategy for next year.

DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The sale includes 23 cars with major parts and 1 hybrid battery rebuild stand including new hybrid batteries (bought from a dealership).
Competition
Long-term renal for local communities is in high demand right now, many people need fuel-efficient commuter cars.
Growth & Expansion
Scaling a car rental business is easy and can be combined with a repair facility. The next development is possible for airport rental and/or dealership. Running such a business is also possible without a large investment into the property.
Support & Training
Owner willing to help new buyer with a possible strategy for next year as well as 1-month full mentorship.
Reason for Selling
Owner planning to move out of state.
Home-Based
This business is Home-Based
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Roman Pelekhay
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Roman Pelekhay
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