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Vehicle Rental Company Investment Opportunity in Montego Bay, Jamaica

Profitable 35-year-old Montego Bay car rental business with 100 monthly bookings, seeks investment for expansion.

Established 30-40 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 1 million
Run Rate Sales USD 1 million
EBITDA Margin 20 %
Industries Vehicle Rental
Locations  Montego Bay
Local Time 11:32 PM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1 million for 50.0% stake (Native Currency: USD 1,000,000)
Reason: Seeking investment to expand the fleet in response to strong demand exceeding current capacity and t... View More
Includes physical assets worth USD 2 million
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Business Overview
- The company is a long-established car rental business operating for 35 years in the bustling location of Montego Bay, Jamaica.
- It boasts a fleet of reliable, top-performing Toyota models, renowned for their durability and efficiency, catering to tourists and locals alike.
- Rental services operate on a per-day charge, providing flexibility for short-term and long-term customers.
- On average, the business handles around 100 bookings each month, showcasing its steady demand and operational strength.
- With last year's total sales hitting $1 million and an EBITDA margin of 20%, the company maintains a healthy profit margin and indicates solid financial performance.
- The business has 7 permanent employees and hires additional temporary staff for vehicle maintenance to ensure high service standards.
- The investment is required to expand the fleet and meet growing demand, which outstrips current supply capabilities, underscoring potential for significant business growth.
- The business owner frequently travels between Jamaica and the USA for business purposes; however, day-to-day operations and management are effectively handled in Jamaica.
- Business has a Certificate of Incorporation.
Products & Services Overview
The business offers reliable car rental services, catering to both tourists and local residents.
The company provides flexible rental options charged on a daily basis, suitable for short- and long-term users.
The service is favoured by travellers seeking convenience and by locals in need of temporary transportation.
Assets Overview
Physical assets include land & building and own fleet of cars, all valued at $2 million.
Facilities Overview
Operating from our own office and parking facility located on Churchill Street, Montego Bay.
Capitalization Overview
The business has an outstanding loan of $200,000.
There is 1 owner.
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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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