The key aspects of this business include:
•. Mostly general short term (typically one to five days) rental
•. B2C market predominantly
•. Currently 91 vehicle fleet
•. Utilisation over 75%
•. Business established for over 10 years and based in the West Midlands
•. 90% of fleet is less than 2 years old
•. Approx. 50% of fleet comprise VW or Ford vans
•. Marketing directly to the end customer; no third-party brokers or agents are used. The website ranks highly on Google searches; for location specific vehicle hire searches the business always feature on the first page/within the top five results.
•. The Business’ vehicles have prominent livery, and the depot is geographically well positioned.
•. Current sales of c.£1.1M, with adjusted EBITDA c. £250k
•. Good management team in place – current owners have no real day-to-day management responsibilities
•. Estimated discounted CAP valuation post all finance is c.£1.1M
- Asking Price:
- £1,100,000 Furniture / Fixtures included
- Turnover:
- £1,100,000
- Net Profit:
- £250,000
Property Information
- Property:
-
Leasehold
- Location:
-
the depots are geographically well positioned close to major motorway network
Business Operation
- Employees:
- 7
- Years established:
- 22
Other Information
- Furniture / Fixtures value:
- £1,550,000 - included in the asking price
