Ad ID: 83489

Automotive Business for Sale Auckland

You will never buy this business at this price ever again!


Business for Sale Description

Automotive Business for Sale Auckland

This is an opportunity to buy a highly successful business at its lowest price ever.

This car rental business will earn the working owner a good income, a great lifestyle in a fantastic location, an enjoyable working environment and a good investment.

It has worked for the current owner – he has done it for 26 years. No one in their right mind would stay in business for that length of time if it weren't worth it. He is 70 now and would like to retire.

This car rental business has been growing steadily over the last 10 yrs. COVID-19 has hit this business due to the lack of tourists.

The working owner has now completely restructured the business.

In 26 years it grew from just nine cars to 69 cars on the fleet - over a seven-fold growth in that time. The business still has lots of potential for future improvements.

There are currently 2 full-time staff members assisting the owner, who are  more than capable of running the business when the owner wants to take time off. 

What are the benefits of owning a car rental business?

A car rental business has two streams of income.

The first comes from the rental of cars.

The second income stream comes from buying and selling cars.

You buy cars at wholesale rates, then run them in the business for profit, while depreciating the book value. You then sell the vehicles on the retail market. In a car rental business, the cars are depreciated at a high level each year. This helps with cash flow and also enables the owner to sell the vehicles after depreciation, at above book value, thereby making additional income.

Thirdly, as you increase the vehicle fleet, you are growing your asset base and the value of the business and therefore, your investment.

What more could you want?

What is the business priced at?

Right now it is estimated at $250,000. YOU WILL NEVER GET THIS BUSINESS AT A LOWER PRICE. HIGHLY NEGOTIABLE! What are you risking - $50,000 in goodwill (way down on what it was) and the rest is based on saleable assets - which can easily be converted to cash. Because it is a going concern you can buy the cars with the business and you won't pay any GST on them.

The fleet was at 68 cars - this has been drastically reduced. The whole business has been restructured to go forward, in order to make a good profit and rebuild to its former leading position.

MAKE AN OFFER TODAY. The Vendor is available to discuss all options with the buyer. 

To have a chat phone Basil Badenhorst on 0224 548 348 today. Link Business Brokers

Note: Due to the confidentiality of this business stock photo Images may be used to represent the business.  Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and completion of a Confidentiality Agreement. Please contact the broker for further details.

Agency reference #: EL01468

Interested In This Opportunity?

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Link Business Broking Ltd
For more info
Contact: Basil Badenhorst

Basil Badenhorst

022 454 8348
Link Business (Ellerslie)
Licensed REAA 2008
Broker Ref: EL01468

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