Listing Number: 6953-388092
Description
Structure of deal:
>Asking Price: $4,300,000
>Downpayment: $1,075,000 (25%)
>Seller Note: $3,225,000 (75%)
>Term: 9.5%, amortized x 15 years, balloon in 10.
Note on Vehicles:
>Fleet consists of 350 vehicles, lender-financed. >Buyer needs to qualify for a line of credit of approx. 5M to transfer title of vehicles.
>Pricing of vehicles will be done using third party platforms
This fast-growing regional car rental and fleet maintenance business has 2 locations (one in Charleston and one in Greenville). With a rental fleet of almost 300 vehicles as of 2025, seamless rental experience enabled by cutting edge technology, and fully staffed operation, this business is poised for significant growth in 2025 and beyond.
The fleet maintenance division is licensed for both retail and wholesale services, having the capacity to absorb increasing fleet size to over 500 vehicles. All vehicles are owned by this separate legal entity and leased to the car rental division. Title, insurance, repairs, taxes, etc., are managed at this entity level.
Note: buyer will be required to submit proof of funds to show liquid capital to satisfy downpayment amount.
Listing Details
- Price: $ 4,750,000
- Down Payment: $950,000
- Sellers Discretionary Earnings: $ 4,120,683
- Total Sales: $ 11,239,435
- Location: South Carolina
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Year Established: 2013
- Reason for Selling: Other business interests
- Category: Rental Business
