This growing business operates a car rental service in the Detroit metro area. The business provides a variety of vehicles, offering clean, safe, convenient 'gently used' vehicles at an affordable price point. The business is in its third year of operation and has seen growth to 50+ vehicles (largely financed through internal cash flow). Much of the initial hard work has been done including setting up a facility, hiring employees, purchasing vehicles, setting up relationships for vehicle maintenance. This is not a franchise but an independent business that operates through a third party reservation system. A great business for a car person or an entrepreneur looking for that next opportunity.
The listing price does NOT include vehicle inventory which will be adjusted to a fair market value at closing as agreed between buyer and seller. The cash flow is conservatively estimated at $300,000 pending completion of the 2024 tax return. We work with a number of banks and Small Business Administration (SBA) lenders. A signed non-disclosure is required as well as proof of financial capability.