Total of 18656 firms and businesses for sale today Tuesday 19th March 2024
Time to Sell or Time to Buy !

Business For Sale. Motor Vehicle Hire Company

LISTING DETAILS
Firms For Sale ID:
34744
Vendor reference:
AM168
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£170,000  
Turnover / revenue:
£339,000
Net profit / cashflow:
Undisclosed
Years established:
10
Trading hours:
Monday Friday: 0800 1800 Saturday: 0800 1200 Sunday: Closed
Employees / staffing:
The owners do not work in the business on a day to day basis. The business has key staff in place including a business manager and two rental managers. In addition to this the business employs a driver and an administrator.

OTHER DETAILS
Reason for selling:
The owners have several other business interests and cannot commit the time to fully develop this business and maximise the many opportunities at its disposal.
Support and training:
The current owners would be happy to provide full training and support at handover. However this should be a very simple process as the business already has management in place who run the busienss on a day to day basis.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business operates from two ideal town centre sites. Both premises are leasehold. Current leases are for circa 5 and 10 years respectively, with reviews every 3 years. Combined rent is circa GBP 23,500 p.a. (main site circa GBP 18,000 p.a., second site circa GBP 5,500 p.a.) We are advised business benefits for small business rate relief. Both sites are secure.
 
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BUSINESS DESCRIPTION
Motor Vehicle Hire Company
Cars, Vans, Mini Bus, MPVs, 4x4, Car Transporters
Ref. AM168
Location : Nottinghamshire
Asking Price : GBP 170,000
This established and reputable business was set up by the current owners some 10 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, plus a strong and loyal client base. All vehicles in the fleet are modern, clean and have limited mileage. The owners have re invested in the fleet over time, which ensures it provides high quality, safe and reliable vehicles day in day out.
The current fleet ranges from small car classification (eg. Fiat 500) right through to Luton vans and even car transporters. This includes medium/large saloons, estates, 4x4 with/without tow bars, MPVs, mini buses, short, medium and long wheel base vans and pick ups.
In addition to this the company can also provide customers with sat nav systems and other ancillary items such as sack trucks etc. for commercial vehicles, not to mention comprehensive levels of insurance to cater for all eventualities (e.g. tyre cover, windscreen damage, European travel etc).
The business is run under management and is NOT vendor dependant. It is currently enjoying very impressive growth rates and this is expected to continue moving forward.
The business enjoys a sterling reputation and benefits from having two high profile town centre locations.

Expansion Potential
The business has enjoyed impressive growth over recent 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.

Market / Competition / Non-Competition Agreements
The business advertises via some high profile sponsorship in the region as well as through social media. It has a highly informative website that allows customers to get quotations and book vehicles online.