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Los Angeles County

  • Listing No.: 207-00011

  • Category: Auto

Asking Price $2,400,000
Down Payment
Gross Revenue $3,667,802
Total Adjusted Net Income $1,439,397
Equipment / Fixtures $2,000
Year Established 2014
General Location Los Angeles County
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Owner operated profitable independent exotic car rental business & licensee car rental business for sale. This location specializes in high line exotic cars for rent as well as has a trademark licensed car rental business for all types of cars on the same lot. The business is located in busy Los Angeles county and close to LAX and the popular tourist areas. This is a turnkey business that is ready for a new owner that wants to take over a business that has been established since 2014. A new owner can continue with this stable and profitable business, and there is also room for growth. The business has the potential for growth, increasing profit, and establishing itself as the number one exotic car rental company in Los Angeles county. The business is located on a busy street with good visibility. It is comfortable, clean, and inviting for those looking for a fairly easy operation to run. The well-known car rental shop is based on their great exotic car selection as well as their licensee car rental name. In addition to being in a convenient location near the beach, it is walking distance to a residential community, hotels, and has good tourism. The shop has been at the present location since 2014 and the seller has spent $80,000 in leasehold improvements & $2,000 in FF&E. The 2018 gross income is $3,667,802, and the 2018 net income is $1,439,397. The seller will train the buyer for up to two weeks. FF&E are included in the sale. Inventory is approximately $800,000 and is included with the price of the business.  Seller is selling due to other business interests. Inquire now!

Gross Revenue $3,667,802 Listed Price $2,400,000
Total Income $1,439,397 Down Payment
Base Rent $12,363 Square Feet 4000
Total Rent $12,363 Lease Expiration 6/2021
Rent Deposit $12,000 Lease Options
Inventory $800,000 Leasehold Improvements $80,000
Equipment / Fixtures $2,000 Other Assets
Full-Time Employees 3 Training Period 2 Weeks
Part-Time Employees 2 Special License Required If wanting to resell car at the auction a dealer license needed
Contract Staff Reason for Selling Seller has other business interests

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.