Van Rental. LA. $500k Fleet Incl. Cargo, Passenger

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Background

BizEx ID:BizEx1304-EM
General Location:Los Angeles, CA
Category: Local Passenger Transportation
Consumer Services (B2C)
Years in Business:3
Under Present Owner:3
Hours of Operation:8:00 am - 6:00 pm
Owner Hours:Same
Training:2 weeks @ 30 hours
Organization Type:LLC
Lease Expiration:2020
Lease Options:4 Years
Building Size:960
Employees:2
Reason for Sale:Other Opportunities

Financials

Asking Price:$699,999
Down Payment:Negotiable
Gross Sales:$400,000
Discretionary Cash Flow:$270,000
FF&E:$500,000
Inventory Included?Yes
Inventory:$1,000
Min. Operating Capital:
Real Estate Available?No
Rent:$3,300

2020 Proj 2019
Gross Sales $ 400,000 $ 300,000
Gross Profit $ $
Disc. Earnings $ 270,000 $ 150,000

Description

Los Angeles Area Van Rental Agency - New, Premium Fleet of 20 Vans

Cargo Vans - Passenger Vans - Luxury Vans - Pick-up Trucks = valued at $500,000 included.

This well branded company has quickly developed a strong client base with individuals and businesses through-out the LA area. There are few local rental agencies who specialize strictly in vans; especially with a quality, newer, clean and well maintained fleet.

Their proprietary recently developed mobile application will allow customers to rent cargo vans 24 hours a day, 7 days a week from numerous locations. 

They have developed relationships with film production companies, contractors, caterers, florists, and numerous other individuals and companies who rent from 1 day to 30 days. Known for their high-level customer service, this company offers unlimited mileage on all their cargo van rentals which is not the standard in the industry.

Strong internet advertising has allowed this 3 year old company to rent over 1,000 clients and to quickly make a brand awareness through-out the LA area through Lancaster. 

High Growth Potential - Easy Business to Operate

For more information complete the Registration at https://www.bizex.net/buy-business/register.

Eric Mellem, Business Broker at (310) 293-6414, emellem@bizex.net. Don Mellem, Business Broker, (949) 842-8154, dmellem@bizex.net


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Don Mellem
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 155
Direct: 310-882-2200 x155
Lic#: 01845922

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations