Car Rental Franchise In South Houston For Sale

Business description

This is a Houston area franchisee for one of the oldest and largest used car rental companies in the USA with locations in all 50 states. They buy, rent, and sell good conditioned used cars from economy size cars to full size sedans, pick-up trucks, mini vans, SUV's, etc. to retail and commercial customers for both short term and long term needs. In addition to national advertising by the franchisor, the franchisee advertises on cable TV, in many local yellow pages and by direct mail. Franchise Royalty Fee is $30 per car per month for cars in the rental fleet. They currently have 52 in their fleet as of May, 2010. They operate from an office park with ample room for parking cars and expansion of the business. Wholesale value of vehicles estimated to be $350,000. Buy this high cash flow business for the value of the assets!

Seller Discretionary Earnings: $170,706 Actual

Property information

Real Estate:

Lease

Location:

Building Type: Free-Standing Building
Building Size: 1,800SF
Land Area: 15375SF

Business Operation

Expansion potential:

The owner works part-time in the business as he owns other businesses. While the business is currently profitable, a full time owner should develop more business by calling on commercial accounts and insurance companies.

Reasons for selling:

Seller is involved in several other businesses & doesn't have time to properly manage this business.

Trading hours:

5 Days, 8AM - 5PM

Employees:

Full Time: 2, Part Time: 0, Owners on Payroll: 1, Subcontractors: 0

Years established:

July, 2002

Other information

Furniture / Fixtures value:

$356,500 (included in the asking price)

Related documents:

• 
• Business Profile