Hot

This is one of South East Queenslands largest independent car and truck rental specialists. With multiple branches & agencies, and a diverse fleet of vehicles (operating at impressive occupancy rates), this business provides stable trading and solid profitability.

Annual revenues of $8.5 million, with EBIT of $2.36 million per annum, annual depreciation allowance $1.77 million per annum. The business EBITDA of $4.127 million in the 20/21 financial year.

Since 1996 this business has proven to be recession-proof, Covid proof and stable - and quite simple to manage.

The fleet of over 300 vehicles is diverse and includes:

- Cars

- Utilities

- Vans

- 4WDs

- Prestige and sports cars

- Trucks

- Buses

Average fleet age is less than three years old, and fleet turnover can be a profitable side benefit of the business operation.

Fleets are managed remotely using fleet management software and rental programs that provide simple transactional data, and simple documentation for staff and customers.

This business was established in the mid-nineties and has grown to a network of branches and agencies. Each serving a niche market - either tourists, locals, travellers, tradies, and weekend warriors.

The business is systemised and organised, with experienced trained personnel across the network. Infrastructure offers storage for 400 vehicles, car wash facilities, maintenance areas, and administration offices.

Price: $9.75 million plus fleet

For further information on this opportunity, please contact:

Bruce Coudrey

Senior Business Broker

Benchmark Business Sales and Valuations

M: 0411 226 888 T: 1300 366 521 E: bruce@benchmarkbusiness.com.au

If you'd like to know more about the business go to our website www.benchmarkbusiness.com.au and use the reference: benchmark_74_1121 to search for the business.



Benchmark Business Sales and Valuations

The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Automotive, Car Rental, Vehicle Rental, Services, Car, Bus, Trucks

Listing ID: benchmark_74_1121

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Agreement

     Status
Hot

     ROI

     Annual Revenue
$8.5m

     Listing Price
$9,750,000 plus fleet

     Location
QLD

     Industry
Car Rental

     Earning Type

     Years Trading
26

     Stock Level
N/A

     Reference Number
benchmark_74_1121





Bruce Coudrey

Business Broker

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