Asking Price: $3,000,000
Sales: $1,435,077
FF&E: $1,800,000
AR: $00
Cash Flow to Owner: $822,025
Business Description: The Company is a well-established multi-passenger van rental business, providing large 12 & 15 passenger van rentals to church groups, schools, businesses, sports organizations, and larger family vacations in the Dallas Fort Worth Texas area. The company provides vehicle transport for these larger groups to rent, and there is no requirement for a specialty license. The company’s customer base is primarily local but also includes local, regional & national customers for stadium events (playoffs, bowl games, concerts, religious event). Super Bowl was insane, and World Cup is coming!
The Company focuses on a niche: upper clientele who are unbelievably conscientious and safe because they typically transport children or families to events & vacations (estimate 90% of rentals), with almost no accidents in 15 years. The experience has been so positive that the company’s insurance WENT DOWN in 2024 renewal, whereas most companies experience increases.
The company’s mission is to win customers and exceed expectations through a family business atmosphere and work ethic combined with the pursuit of the best features and technology for van rentals. Cleanliness has always been the backbone of the fleet.
In 2023, the company had ~1,605 rentals ranging from days to 3 year duration (for a construction company). The top 10 customers accounting for approximately ~65% of sales. The largest customer (private school) was approximately ~6.7% of sales. There is an INCREDIBLE room for growth by scaling the business across DFW, Texas and to major cities in the US.
The business would be delivered free and clear of all other liabilities. We currently have fleet maintenance and discount accounts with major industry suppliers and dealerships. Factory warranty is typically 3 years or 36,000 miles. Powertrain extended warranties are typically 5 years or 60,000 miles. These vans are and have been great performer and, fortunately, the company has been experiencing routine maintenance costs (with no major, out of warranty breakdowns).
NOTE: SELLER PREFERS THAT PROSPECTIVE PURCHASERS HAVE RELEVANT OR TRANSLATABLE INDUSTRY EXPERIENCE IN THE VEHICLE RENTAL OR LEASING INDUSTRY, HAVE TEXAS WHOLESALE VEHICLE DEALER INDUSTRY EXPERIENCE AND CURRENT LICENSING (OR ABILITY TO BE LICENSED).
How do I value my Van Rental Business for Sale?
The van rental industry is very competitive. Most companies competing in this space are much larger. Some competitors offer a wide range of services or provide services in specific market niches. This Company focuses on providing clean, reliable vans, creating relationships and bonds between the Company and their customers based on cleanliness, quality, fair pricing, technology convenience packages, and reliability.
Van Rental Business for Sale
The Company’s well-trained and long-tenure General Manager holds all necessary licenses and runs all day-to-day operations. The owner takes regular vacations (typically quarterly) and the GM covers needs while the owner is away.
The owner feels that there are many growth opportunities for an aggressive new owner, experienced in the rental service industry, who can adapt to the unique and special needs of this family-friendly client niche. The business has a strong, central Dallas-Fort Worth location, skilled and motivated staff and an excellent reputation evidenced by extensive 5 star social media reviews. The business operates primarily as a word of mouth repeat and referral “niche business”. Capacity can be significantly increased by adding rental vans and hiring staff for additional shifts.
The owner represents that the business has excellent matching books & records and can prove all sales & expenses.
Facilities: This van rental business for sale operates from a ~3,600+/- SF building with offices and parts-supplies storage plus fenced parking for approximately 44 vans (more with double parking) for approximately $4,400/month. The annual lease has been renewed for many years. The seller believes that the landlord is willing to provide a long-term lease (with annual increases).
Competition: The van rental industry is very competitive. Most companies competing in this space are much larger. Some competitors offer a wide range of services or provide services in specific market niches. This Company focuses on creating relationships and bonds between the Company and their customers based on quality work, fair pricing, integrity, and reliability. The Company focuses on a niche: upper clientele who are unbelievably conscientious and safe because they typically transport children or families to events & vacations (estimate 90% of rentals).
Support & Training: The seller will train buyers in their oversight role for 4 weeks included with the purchase price. The seller is willing to provide additional training at mutually agreed compensation for a finite period.
Reason for Selling: Retirement.
Purchase Price: The asking price for the assets of the business is $3,000,000 with $400,000 CASH down payment and balance financed as a commercial or SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. All financing is to be personally guaranteed by the individual principals of a prospective purchaser. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Accounts Receivables valued at $00 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $1,800,000. The price will be increased or decreased for actual accounts receivable as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
For information, reference Texas Scalable Multi-Passenger Van Rental Business for Sale 20445 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
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