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Franchised Car Rental & Sales
NCListing DetailsOffice ID: RENT2
Status: Sold
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $352,200
Gross Revenue: $929,644
Cash Flow: $192,224
12 Month Forecast: $1,020,000
Forecasted Cash Flow: $272,000
Inventory: $350,000
Inventory Included: No
FF&E: $41,000
FF&E Included: Yes
Sale Price: $827,000
Acreage: .75 acres
Real Estate: $330,000
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:
Retirement
Training:
Franchisor offers initial training at their facility and Seller will stay for 30 days as well and even longer if buyer wants more help
OperationsYear Established: 2000
Form of Ownership: LLC
Employees (full-time): 3
Employees (part-time): 2`
Managers: 1
Business Hours: Mon-Fri 8a-530p, Sat 8a-1230p
Summary
Business Description:
Car rental franchise that sells used cars from it's fleet. Seller is the original franchisee of this award-winning operation. A long-term assistant manager is also in place. The convenient, high-traffic location is well-known and has proven to be good for both rentals and sales
Owner Qualifications:
Retail experience, mechanical aptitude and employee management skills combined with sufficient financial strength to be approved by the franchisor and lender
Competition:
Has the largest market share in local area.
Potential Growth:
Add online reservation capability of existing software, call on local auto body and service shops and insurance agents to increase referrals, expand used car sales to more than just the company fleet, add RVs to rental fleet, extend open hours
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $330,000
Monthly Rent: $2,750
Square Footage: 1400
Franchise Transfer Fee: $6,000
--Paid By: Buyer
Last Updated: Oct 4, 2018 / 4:33 AM
Financial Information Current as of: Jun 30, 2017 / 1:41 PM
Lender Pre-Approved!
Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607
919-341-1100
ENLIGN Commercial
Yadkin Bank