Highly Profitable Car Rental Bus t/o >$260k Easy To Operate No Exp Required

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


Key Strengths:


About the business

Rare opportunity has come on the market to purchase a car rental business in Launceston. Main road frontage, located on the bustling corner of Wellington and Canning Street. With low rent of approx $1430 per month and excellent turnover during the Covid-19 period, this business can be taken to next level by implementing an effective marketing plan and revisiting the rental pricing.
This business needs no introduction, owned by Wayne for over 30 years and running from the same location for circa 17 years now. People come to A Total Car Rentals whenever they need economical cars and excellent service.
Fleet comprises over 40 cars from the year 2000 to 2014, all serviced and insured. Most of the clients are interstate and overseas tourists and only 5 % are backpackers.
You can run it from the existing premises or from your own property, current owners follow old school methods and do the bookings manually, a tech-savvy owner would save time and energy by building a professional website or phone app for bookings.
This is a business with plenty of potentials, could be transformed into a much larger operation, with a modern approach, sale price includes all the vehicles, business name, goodwill and the phone number used by the current owner.
If you are looking for an established business with plenty of upsides then look no further.Phone Business Brokers Praveen Pant on 0432 256 682 or Paul Scott on 0477 771 098 or email pauls@businessbrokersnetwork.com.au.
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.
Know someone that could be interested in this?
Asking Price:
$249,000
Yearly Profit :

----


Country

Australia

State

Tasmania

Suburb

----


Postcode

7250

Locality

----

Established on

Contact the business


Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

Email Broker Verified

Advertiser Details
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

Free business valuation

Know if you're paying too much for this business or if it’s right on the money.

success

Success!

Form has been submitted successfully and a representative will get touch with you