For sale: established car and van hire franchise. Situated in a highly visible location, this operation is part of a franchise brand. The business has been operating since 2022 and generated revenue of over £133000 in 2023 and half-year revenue in 2024 of over £66000, which represents an over 8% increase in revenue over the same period in 2023. This strong performance has earned the business an award from the franchisor. The sale of the franchise is only due to one of the company directors who operates and is the driving force at this location going abroad. The purchaser will have the opportunity to take on the existing site, which is in a highly visible location with large amounts of passing trade. The site lends itself not only to the vehicle rental business but also to other activities such as used car sales or a car wash. The lease on the premises has just over four years left. However, as the rental franchise is easily relocated, there will be no requirement to take on the existing site. In purchasing this already-established franchise, you will gain the guidance and support of the national head office team. To aid with a smooth transition, hire vehicles will be available for purchase or lease from the present franchisee. We consider the franchise to have yet to reach its full potential, offering a great opportunity to its new owners.
- Asking Price:
- £19,500
- Turnover:
- £100K - £200K
- Net Profit:
- Under £50K
Property Information
- Location:
-
Highly visible main road location on a direct route into the city. The site offers customer parking and is surrounded by several other businesses which include a convenience store and fast food outlets making the area a high focal point for potential customer.
Business Operation
- Expansion Potential:
-
The business is still growing and has yet to fully ‘tap’ into the local long term business hire market. Should the new owners wish to take on the premises then at present the current owners sell used cars from the site too, however other types of business such as a hand car wash may also be operated from there with the consent of the landlord and relevant authorities.
- Reasons for selling:
-
The business is being sold as the company Director in charge of the site is going abroad.
- Trading hours:
-
Monday to Friday 9am to 6pm
Saturday 9am to 4pm
- Employees:
- 3
- Years established:
- 2
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
Franchise terms will be confirmed with the franchisor prior to business sale.
Other Information
- Support & training:
-
This business is part of a national franchise so head office offer support and training. The present owners are happy to advise too should that advice be required.
- Relocatable:
- This business can be relocated.
