Listing Number: 6953-179229
Description
Structure of deal:
>Asking Price: $2,000,000
>Downpayment: $400,000 (20%)
>Seller Note: $1,600,000 (80%)
>Term: 9.5%, amortized x 15 years, balloon in 10.
Note on Vehicles:
>Fleet consists of 85 vehicles, lender-financed.
>Buyer needs to qualify for a line of credit of approx. 1.6M to transfer title of vehicles.
This fast-growing car rental agency has a rental growth fleet targeting 150 vehicles in 2025. It provides seamless rental experience enabled by cutting edge technology, and fully staffed operation. This business is poised for significant growth in 2025 and beyond.
What is not included in the sale:
> Vehicles - need separate lender financing
> Brand - will be retained by seller for use as marketing affiliate.
Required Next Steps:
> Proof of Funds to be provided within 3 days of receiving information on this business.
Listing Details
- Price: $ 2,000,000
- Down Payment: $400,000
- Sellers Discretionary Earnings: $ 1,126,045
- Total Sales: $ 2,434,054
- Location: Greenville, Greenville County, South Carolina
- Inventory: $ 0
- FF&E: $ 0
- Employees: 4
- Reason for Selling: Other business interests
- Category: Rental Business
