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Real Estate Agency for Sale in Playa de las Américas, Spain

For Sale: Car rental and real estate agency in Tenerife /Canary Island.

Established 30-40 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales USD 300 - 400 thousand
Run Rate Sales USD 460 thousand
EBITDA Margin 30 - 40 %
Industries Vehicle Rental + 1 more
Locations  Playa de las Américas
Local Time 3:54 AM Europe / Berlin
Listed By Management Member
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 550 thousand (Native Currency: EUR 500,000)
Reason: The owner wants to retire.
Includes physical assets worth USD 330 thousand
Name, Phone, Email
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Business Name
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Business Overview

- Residential real estate agency and car rental company.

- After so many years we still have high reviews on our website.

- We determine the asking price for a property based on the property area and pre-determined value given by the seller.

- Around 30 properties are listed on the website. Some of the properties are not listed on the portal since those properties are in high demand and we reserve it for old clients.

- Charge a commission of 3-5% of the transactional value of the property from the seller.

- Also provide car rental services and this business is seasonal (5 months). Most of the booking takes place onsite.

- We buy the car and rent it out to the customers. Charge EUR 70-150 per day.

- Have sub-rented the terrace place as well to another company and received around EUR 1,200 monthly rent.

- We do not have any ad hoc employees. Generate provided revenue since we have multiple revenue streams.

- The tax accounts are surveyed by Spanish/English-speaking tax accountants for the last 30 years, they can certify that the company is always taxed and has no issues with the tax authorities.

Products & Services Overview

- Company into commercial and real estate properties sale.

- Also into car rentals.

Assets Overview

Tangible assets are 33 cars, garages, and office equipment.

Facilities Overview

- Our building has one floor, 5 rooms 1 kitchen, and 1 restroom.

- Office is located in the center of the city in a 90 sqm area with a monthly rent of EUR 4,500.

Capitalization Overview

- There are 2 shareholders for the last 25 years and both hold 50% of the shares.

- Company has no loans.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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