Cash Cow Car Rental Fleet with immediate cash flow & high ROI.
| Asking Price: | $90,000 |
| Gross Revenue: | $140,000 |
| FF&E: | $225,000 |
| Cash Flow: | $100,000 |
| EBITDA: | $100,000 |
Turo and Getaround Rental Cars with Established Reviews. Part time.
For sale is a cash flowing and profitable car rental business. This a perfect opportunity for someone that wants to generate extra income to supplement a Day Job. You can run this business remotely or as absentee owner. You can also choose to run this business full-time and grow the fleet with our established processes and vendor relationships. This is a perfect business for a car enthusiast or an entrepreneur that wants to diversify their income stream. Business includes listing of 15 cars listed on popular app of Turo and Getaround. The business is an All-star host on Turo, which is hard to achieve with over 350 completed trips. The business has established relationships with vendors and service providers.
Business includes 10 cars on Turo with established track record and 5 cars on Getaround. The beauty is that these cars are optimized for maximum return on investment and optimized for each of the platforms. Seller is willing to finance a portion of the sale price with some downpayment.
No prior experience is necessary to run this business successfully and grow this business. Buyer from the Chicagoland area is preferred since the cars are located near Chicago’s O’Hare airport and Downtown Chicago (River North). These cars can be moved but the change will have to be planned carefully since cars are booked out until November.
This is a proven business with low risk. The business also has tax benefits (consult with your tax advisor).
No tire kickers please. If you are not genuinely interested in BUYING this business, please do not contact. The business has booked over $65,000 in revenues YTD and is projected to finish the year with $140,000 in revenues. The business did cashflow of $40,000 in the 6 months of 2024 and will end the year 2024 with projected cash flow of $100,000. The value of the business is just under the 1x annual projected 2024 cash flow of the business. The total value of the transaction will be business value (goodwill) plus the Kelly Blue Book values of the cars estimated to be around $225,000. Total asking sale price is $90,000+$225,000= $315,000. The seller will finance a part of this purchase price.
Due to unforeseen circumstances and change in the family situation, the seller needs to sell this business.
BUSINESS LOCATION
