Rental Vehicle & Storage Business In Hamilton NZ For Sale

Business description

Established Rental Vehicle Business For Sale in Hamilton, NZ

Freehold Going Concern For Sale NZ$750,000 (+GST IF ANY)

Several revenue streams and full franchisor support

Since 1989, Pegasus Rental Cars has been providing affordable car rental solutions for New Zealand travellers with helpful, friendly service and quality vehicles at exceptional prices.

There are depots in over 20 locations throughout New Zealand with a wide range of vehicle types. Pegasus caters to the needs of all travellers, whether on holiday, business, or attending a sports event. Cars can be rented for as little as NZ $35 per day.

Pegasus Car Rentals now offers for sale the Hamilton franchise and business

The Freehold Going Concern:
Pegasus Rental Cars: Hamilton Franchise, Systems & Support $50,000
Pegasus Hamilton Fleet $135,000
Hamilton Self Storage Business: $40,000
Freehold Land & Buildings: $560,000

Total Value: $785,000
Asking Price Freehold Going Concern: $750,000

Detailed information to support the above valuation will be made available to qualified enquirers

Benefits of a Pegasus Rental Car Franchise

Pegasus is not interested in simply selling the franchise: it is looking for partners in the business and so seeks a buyer with business sense and integrity to share in future growth. Pegasus’ Rental Cars Franchise Agreement will be the basis of the contract between the parties. The benefits of owning a Pegasus Rental Car Franchise include:
1. Ownership of your own business with assistance of experts in the field
2. Involvement with a well known brand name in the free independent traveller and budget rental car market, as well as repeat customers in the business client market
3. Sharing of advertising and marketing costs, nationally and internationally
4. Purchasing price advantages through the established network and supply channels of a larger organisation
5. Conferences for the sharing of knowledge and experiences with others in the industry
6. Assistance in local marketing and promotion
7. Training
8. Access to advice on management and financing of your business
9. The ability to move cars from town to town without the restriction of only having one available depot
10. Assistance in selection and purchase of cars locally and from overseas
11. A nationwide booking system and referrals from other operators and overseas tourist centres
12. Fully computerised rental management system and associated reporting, along with accounting systems
13. Assistance in the event of holidays and sickness from others in your own organisation
14. Budget and projection assistance in the setting up of a new and ongoing venture
15. Additional revenue from commissions with Pegasus and on other associated rental vehicle products
16. Fully functional online booking system with a powerful presence on the internet through a large network of websites
17. Repeat business through the Pegasus Blue Wing Business Club
Requirements to operate a Pegasus Franchise
The Rental Car industry is regulated and the operator will require a Rental Car Operator’s Licence and a Certificate of Knowledge before commencing business. For detail on the regulations, visit www.landtransport.govt.nz/factsheets/47.html
All cars must be registered under a class for hire or reward and have a current certificate of fitness.

Essential personal attributes are a desire to succeed in your own business; enjoying dealing with people; and a fundamental business knowledge.

The Hamilton location

Pegasus Rental Cars Hamilton is located on Ohaupo Road, Rukuhia, just minutes from Hamilton City and Hamilton Airport. Hamilton Airport offers flights to/from Australia and most domestic destinations.
The site is approximately 2,800 square metres, fully fenced to 2 metres.
Pegasus operates out of its own 700 square metre building (formerly a service station & workshop) comprising the rental counter and reception room, Manager’s office, grooming bay, lunch room/kitchen, toilet and shower. Within the building is also a 1 bedroom apartment with lounge, kitchen, shower room & toilet.

Pegasus Rental Cars’ current fleet includes some 24 well-presented vehicles valued at approximately $135,000. Vehicles range from compact cars to 12 seater coaches, 4WD vehicles and trailers. The fleet is included in the FHGC purchase price but should the purchaser so elect, the vendor will retain the fleet.

Hamilton Self Storage

Associated with Pegasus Rental Cars Hamilton and included in the offer is a successful self-storage operation, including 16 purpose-built secure storage rooms ranging from 4 to 45 square metres; alarmed, lock-up vehicle storage with higher than standard door heights to accommodate taller boats and motorhomes; and extensive hard stand areas within the property, securely fenced to 2 metres.
The smaller units are ideal for people with holiday homes or boats who want to secure their personal belongings while away for extended periods or while renting or leasing their pride and joy. They can also be used to cost effectively and safely store those expensive toys such as motorbikes, jet skis, fishing gear, mountain bikes or off roaders. For holidaymakers flying out of Hamilton Airport, Hamilton Self Storage stores cars securely either under cover or outside and provides a transfer service to the Hamilton airport.
The 2,800 square metre site and 700 square metre building offer considerable potential for expansion of the storage business. For example, there is space for further secure storage rooms and 20 plus garage style lock-up units (subject to appropriate consents and permits).

About Pegasus Rental Cars

Pegasus Rental Cars was set up in Christchurch in 1989. The directors had seen overseas the use of older vehicles as a cheaper alternative to The Big 3 (Avis, Hertz, Budget). The cost of vehicles here prohibited this type of operation as strict requirements by the MOT on licensing and vehicle condition made the costs unrealistic.
Once importing of secondhand Japanese cars allowed the prices to fall to a realistic level the opportunity was seen to establish a rental operation that catered for people on a budget. Pegasus specifically targeted the incoming budget traveller or backpacker. The existing companies saw Pegasus as a threat, stealing their market share, but Pegasus actually offered another option to people who would otherwise have taken a bus or train. They have more flexibility and at a cost no more than that of public transport.
Pegasus initially imported its own vehicles and still brings in a limited number from Japan. Changing markets have meant it is some times more cost-effective to buy here.

Pegasus depots are now located nationwide.

The need for more cars and hence more capital has led to the expansion of the group through franchising. This allows Pegasus Rental Cars to continue to grow and consolidate, to keep up with the ever increasing demand.
Recently, there has been a push into the business market which has resulted in more repeat business. This has been largely achieved by the introduction of the Pegasus customer loyalty programme, Blue Wing Business Club.

Property information

Real Estate:

Real Property Included