Business
Please quote reference B06931

Founded in 2016, this South West Wales-based vehicle rental and leasing business established a large client base by offering ‘no credit check’ rental and leasing of light commercial vehicles and cars to SMEs. 

The business enjoys the advantages of this large market while protecting its interests with sophisticated technology that disables vehicles in the case of late or non-payment. This technology was developed by its in-house software team, which also created automated administration software that has driven efficiencies and boosted business profits.

Highlights;

• Lucrative market
• Fast-expanding business – moved to larger premises four times in six years
• Well-trained team ready to step up to new, more senior roles
• Bespoke software developed in-house drives efficiencies
• Excellent reputation and online reviews

Opportunities;

• An in-house service centre to prepare vehicles would help reduce overheads and increase margins
• Increasing stock and range would help grow business profits
• Franchising out software developed in-house could generate further revenue

Location
This South West Wales-based vehicle rental and leasing business servicing SMEs has established a strong ‘no credit check’ selling proposition and has robust mechanisms in place to protect business assets. As a result, it has enjoyed rapid growth and is now ready to build the business – and profits – still further.

Premises
Operating out of a leased premises. 

Tenure
Business premises will be offered as per existing lease (break clause in two years)

Hours
Due to the nature of the business, it operates all year round. 

Staff
Well-trained team ready to step up to new, more senior roles

Financial Profile

• 100% share sale
• Prospective purchasers will be required to sign an NDA