" Are you interested in people and cars, if ...

Otago

$475,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c5cw5s

" Are you interested in people and cars, if so, this could be the business for you "



This car rental is one of New Zealand's iconic franchises. This particular business is 25 years old. It has been run by the same owner from day one. Backed by a long-standing Franchise System and experienced Franchisor, so there is always assistance available to the Owner. Within the franchise network there is also a fair deal of collaboration between the Franchisees in NZ. This Franchise model has been thoroughly tested over all the years and has proven to be one of the best in the country.



This particular franchise is still growing and has a couple of income streams for the Owner.

Sellers Discretionary Earnings $170,000.



Car rental businesses all have 2 major streams of income:

1) From rentals to either tourists or locals. This rental business has a presence at the airport, in town and at the nearby port catering to the cruise ships.

2) Buying and selling cars on an ongoing basis. Depending on the time of the year and varying seasonal changes experienced in Dunedin, the fleet may be increased / reduced or varied - e.g. replacing some cars with 4 x 4 vehicles or UTE's during the wet colder months. Due to the high depreciation rates, vehicles can be sold at a profit as their retail price is always more than their depreciated value.

This business is backed with 2 competent staff who have now worked for some time with the Owner. They are capable of running the business when he is away and have proven to be a real asset.



The Vendor is prepared to offer a thorough handover to the incoming new owner. This will ensure that the business will remain unaffected by the purchase and the ongoing success will be maintained.



Purchase price $475,000. Please note that the price is linked to the fleet at the time of sale. This may vary and can be adjusted to suit the Buyer as well.



For a confidential discussion about this business contact Basil today.
Ref: EL01468
Timestamp: 20190819064545

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