*exclusive mandate*
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: R6,65m as a going concern
Vehicle fleet value: r4m (estimated)
Total acquisition value (including stock): r6,65m
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%
MBP(month’s pay back): 56
Assets:
Market value: r4m
Asset value ratio to selling price: 58%
