Relocatable Car Hire Business In Hampshire Plus SAV For Sale

Business description

The particular highlights of the business are:
- An easy business model with 7 cars for hire at present costing client £160 per week or £40 per day.
- Lots of long hire contracts
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £30,000 with a net profit of £20,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has other business interests.
- An easily run operation.
- A good first time buyers business and ideal purchase for a sole trader.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a competitive car hire service.

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving car hire business which has been established since 1973. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.

Services
This very good business opportunity provides a quality car hire service providing great value for money. The costs are from £40 per day or £160 per week. Most of the clients are long hire.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in local press.

Competition
There is a local firm but they are not very well regarded.

Market
The client base consists of hirers from abroad and mostly long term clients and locals who all know the business well.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Purchase 12 more vehicles, 2 mid size panel vans and a 15 seater minibus which are all in demand.
• Advertise abroad which is where a majority of the clientele are from.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present annual turnover is £30,000 with a gross profit of 90% and a net profit of £20,000. The wages are £0. The present value of the stock is £28,400.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Location:

This business is presently operated from the owners’ home in Hampshire. The business is re locatable to anywhere in the south east and a small office and yard to store and clean vehicles is required.

Premises details:

The business is presently operated from home. A small office and storage for vehicles is required.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Purchase 12 more vehicles, 2 mid size panel vans and a 15 seater minibus which are all in demand.
• Advertise abroad which is where a majority of the clientele are from.
• With the introduction of a website and e-commerce.

Competition / Market:

There is a local firm but they are not very well regarded.

Reasons for selling:

sell due to retirement.

Trading hours:

Monday to Sunday: 24 hour service.

Employees:

The concern employs no staff and is family run.

Years established:

38 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£28,400 (included in the asking price)

Inventory / Stock value:

£28,400