Profile: Franchised Bike Rentals For Tourist Industry.
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$445,000 |
| Down Payment: |
$395,000 |
| Annual Revenue: |
$427,965 |
| Annual Adjusted Net: |
$159,177 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Executive Summary
If You Love The Outdoors And Enjoy People, This Is The Business For You! This Profitable Company Is Part Of A Nation-Wide Franchise That Offers A Fleet Of Unique Vehicles, Including Surrey's, Mountain Bikes, Beach Cruisers And More. These Vehicles May Be Used To Provide Unparalleled Outdoor Recreation For Sightseeing, People Watching, And A Touch Of Exercise That Will Enhance Any Leisure Time Experience. This Is An Excellent Opportunity For A Partnership Or Husband-And-Wife Team. The Buyer Will Possess Exemplary Skills In Relationship Building, Communication, And Management. The Buyer Should Be Somewhat Athletic, With High-Energy And A Strong Desire To Work Outdoors. Operating In Key Resort Locations Around The County, The Company Can Currently Be Found In Five Different Areas, Strategically Chosen Due To The High Volume Of Traffic Each One Receives From Tourists And Locals Alike.
Marketing
Because Of The Strategic Placement Of Each Location, The Majority Of Business Comes From Repeat And Walk-By Traffic. The Company Also Has Its Own Website With Links To The Corporate Franchise Site. A Strong Emphasis In The Marketing Campaign For 2008 Will Be On The Internet Recreational Listing Sites To Drive Guests To Rental Usage Prior To Their Actual Arrival. Also Direct Links To The Cruise Lines That Have Day-Visit Options To San Diego Are Now Being Developed.
Strengths & Opportunities
Established Business Whose Product Is Sought Out By Tourists And Locals Alike; Strong Franchise Support; Profitable Company That Caters To San Diego’s Tourism Industry; Minimal Competition; High Quality Equipment; Excellent Reputation In The County
Hours & Staffing
Each Location Is Open 7 Days Per Week, Providing Continual Service To The Year-Round Tourism Industry In San Diego. During The Slower Winter Months, Staffing Averages 2 Part Time Employees Per Location; However Staff Is Provided By Two Of The Hotels, Reducing Payroll Costs For The Company In The Winter. In The Spring And Summer Months, Staffing Increases To As Many As 35 Part Time Employees. These Employees Are Responsible For The Renting Of Equipment.
Area, Facilities & Equipment
Locations Are Created In A Way To Reduce Overhead Cost. Utilizing A Kiosk At Most Locations Allows A Full Service Guest Experience Without The Additional Rent Of A Storefront. The Main Office Is A Storefront On Harbor Drive That Allows For Office Space, Product Storage, Full Product Service Maintenance And Parts Work Area, And Guest Service Rentals.
Company History
The Seller Had Been Working At The Corporate Office, Saw An Opportunity In San Diego, And Started This Company In 2001. A Great Amount Of Time Has Been Invested In Developing Relationships In Key Areas Around The County. The Seller Has Earned A Good Reputation In The Community Due To His Hands-On Management Of Each Location, And Providing A Reliable, Quality Product That Is Sought After By The Tourists.
Financial Summary
An Adjustment Has Been Made To Reflect The Seller’s Recommendation To Use Two-Way Radios Instead Of Cell Phones, Thus Reducing Expenses. Royalty Fees Are 6%. Transfer Fees To Be Determined. Currently In Negotiation Between Seller And Corporate Office.
Other Comments
Additional Strategy Efforts Have Been Made To Decrease Cost Of Rent Overhead For 2008 By Allowing Sub-Contractors Into Certain Locations Where It Is Feasible. This Not Only Decreases Expense But Also Increases Marketing Visibility And Will Allow More Usage At These Locations.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Don Dispaltro, Broker at 858-391-3388 Non Disclosure Agreement |
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