Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Motor Vehicle Hire Company Cars, Vans, Mpvs
LISTING DETAILS
Firms For Sale ID:
26405
Vendor reference:
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£69,000
Turnover / revenue:
£150,000
Net profit / cashflow:
Undisclosed
Years established:
20
Trading hours:
Monday – Friday: 0830-1730
Saturday: 0830-1230
Sunday: Closed
Number of employees:
6
OTHER DETAILS
Reason for selling:
This is a genuine retirement sale.
Support and training:
The current owner would be happy to provide full training and support at handover and would be prepared to stay on for a further period if required subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold. Current lease is for 10 years with 2 years remaining. Rent is circa £12000 p.a. Rates circa £4620 p.a.
BUSINESS DESCRIPTION
Motor Vehicle Hire Company Cars, Vans, MPVs
Ref.AO053
Location Lancashire
Asking Price £ 69,000
This established and reputable business was set up by the current owner over 20 years ago and provides self drive vehicles for hire both to the general public and business customers. The company has one of the widest selection of vehicles for customers to choose from be it for commerical or domestic use and a strong and loyal client base. Approximately 50% of business is with the general public, the other 50% via business users. All vehicles in the fleet are modern, clean and have limited mileage.
The current fleet size is circa 46 vehicles of varying classification within the mid range market. They include well respected and trusted marques such as Vauxhall ,Ford and Renault. The majority of the fleet are cars but there are some commercial vehicles.
The business enjoys a sterling reputation and benfits from having a high profile location.
Expansion Potential
The business has enjoyed steady growth over the years in terms of turnover, customers, profits and fleet. The rental/lease market is huge and is expected to continue growing in the short to medium term. This business has the market presence, knowledge and infrastructure to accommodate a significant increase in demand. Furthermore the area in which the business is based is undergoing key development and the local population is set to increase which should further benefit the business.