Long Standing, Highly Profitable Local Auto Rental Company

Lake County, IN

Seller Financing Available

listing image
Asking Price:$300,000
Gross Revenue:$975,043
EBITDA:$474,377
Established Year:1969
Cash Flow:$537,609
Inventory:$1,300,000
Real Estate:$500,000
BUSINESS DESCRIPTION

OPPORTUNITY:
This well-established auto dealership and rental car company, with a legacy spanning 55 years, has earned a trusted reputation in the community.
Known for offering late-model, high-quality used vehicles and rentals, the business has demonstrated consistent cash flow over the decades.
KEY CONSIDERATIONS:
• Sale Includes Both Business & Real Estate: The sale encompasses both the business and its valuable real estate, offering long-term stability and investment potential for the buyer.
• Smooth Transition Support: The current owner and a key staff member will provide a transition period to ensure seamless operations and a successful knowledge transfer to the new owner.
• Floor Plan Financing Requirement: The seller will offer debt at a discounted rate, providing favorable terms that benefit the new buyer.
• Efficient Operational Structure: This business is ideal for an experienced operator looking to grow or acquire real estate for their business. Strong staff in place for streamlined operations.
REASON FOR SALE:
The owner has built an impressive legacy since founding the business in


DETAILED INFORMATION
Location
Lake County, IN
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
2,400
Employees
6
Facilities
Floor plan debt (wholesale) $1,000,000. Retail value 1,300,000. Late model, pre owned vehicle fleet. Beautiful Porcelain block building in EXCELLENT condition. Computers, office furniture, signage, etc all included.
Competition
Car Rental Market size was valued at USD 122.3 billion in 2022 and is estimated to register a CAGR of 7.4% between 2023 and 2032. The proliferation of online booking platforms and user-friendly mobile applications has enhanced convenience in the car rental sector (per Global Markets Insights)
Growth & Expansion
Owner has not advertised in many years nor does owner use social media. Opportunities to grow the business are available. Utility vehicles, RVs, auto sales.
Financing
Seller could consider financing a minor portion of the transaction to the right buyer
Support & Training
Owner is willing to train buyer for a period of up to six months
Reason for Selling
Owner is looking to retire
Report an Issue with this listing
BRIAN McINTYRE
THAMES MANAGEMENT RESOURCES LTD
BRIAN McINTYRE