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A real example of the secret of financial success behind the closed doors of one of the larger and more financially successful businesses within its Vehicle Rental Niche. A true industry leader which has deliberately and successfully crafted its competitive advantage in what at first sight for many might have been considered a highly competitive marketplace and how the business continues to evolve and reposition itself to dominate its market niche in 2021/2022 and beyond. A large repeat and referral customer base is the foundation of this business’ success. Literally, thousands and thousands of repeat satisfied customers and ongoing customer referrals.
With a diverse rental vehicle fleet with an estimated value of between say $1.5 Million and $1.65 Million, this business historically has delivered a profit of in excess of $700,000 per annum! Having come through Covid 19 lockdowns in 2020 (but more significantly its customers now up and operating after those lockdowns) the future looks promising in terms of the possibility of returning to those historical levels of profitability going forward.
At an asking price of $1.8 M, approx. 90 % of that represented by Tangible Assets in the form of it Vehicle Fleet, this business made $300,000 during Covid 19 lockdowns and has demonstrated its ability to more than double that profit during normal pre Covid 19 times.
Disclaimer: - Please note for confidentiality purposes, this business has been listed under the RE/MAX PARTNERS office address. Further details on this business’ location will be provided on application. The content of this advertisement must be read in the context of, and in conjunction with, the Information Memorandum in order to avoid any possible misinterpretation or misunderstanding caused by confidentiality considerations, advert space limitations and / or other limiting factors or generalizations including use of generic images.
E-mail: - [email protected] or call 021-546-569 (but do it now!)
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