Seller's Comments and Description:
Runs on Autopilot. 90% Repeat Customer Rate. 78% Gross Profit Margins.
Founded in 2006, this highly profitable business primarily specializes in providing automobile fleet rentals for the movie industry and their prestigious client list includes some of the world’s largest corporations such as NBC, Warner Brothers, NBA, Under Armour and more. With consecutive double digit YOY growth every year for the past 5 years, this business shows no signs of slowing down and is rapidly approaching $20MM in annual revenues.
The company’s highly valuable infrastructure and assets include hundreds of vehicles and their established relationships with several car manufacturers allow for the business to return cars at a preset depreciated value. These arrangements drastically reduce depreciation risk and make it easy for the business to continually update their fleet with the latest car models.
With over $17MM in net profits in the past 5 years alone, this turnkey business includes an 11 year track record of continued double digit YOY growth, a highly valuable base of recurring revenues from repeat customers and over $1MM in FF&E, which makes this a highly attractive acquisition opportunity that offers huge upside for overall return on investment.