Property Description
ABOUT THIS BUSINESS: Profitable and easy to manage long-term and short term car hire company with 50 vehicles out on rent. No need for a premises or warehouse as all vehicles are rented out permanently. Customers bear the cost of insurance, maintenance and services.
OPERATIONS: Management operated and run.
SCALABILITY: Massive market to grow and expand.
PREMISES: None required.
TRANSACTION: Cash buyers only to enquire. (No seller finance)
ACQUISITION VALUE:
SELLING PRICE: R6,7m as a going concern
VEHICLE FLEET VALUE: R4m (estimated)
TOTAL ACQUISITION VALUE (INCLUDING STOCK): R6,7m
PROFITABILITY:
ANNUAL TURNOVER: R1,8m
AVERAGE MONTHLY TURNOVER : R150,000
NET PROFIT (EBITDA) PER ANNUM: R1,4m
NET PROFIT (EBITDA) PER MONTH: R120,000
INVESTMENT RETURNS:(EXCLUDING STOCK)
PE RATIO: 4.6
ROI(RETURN OF INVESTMENT): 22%
MPB(MONTH’S PAY BACK): 56
ASSETS:
MARKET VALUE: R4m
ASSET VALUE RATIO TO SELLING PRICE: 58%
