Property ID : CT1037
FOR SALE €99,500 - COMMERCIAL
Car Leasing Business for sale Tenerife South
This Car Leasing Business for sale Tenerife is easy to run and would suit anyone wanting to enjoy a lifestlye business in Tenerife, working only limited hours.
The business has 20 cars for lease and a spare care for personnel use when all the cars are out on lease. Currently 19 cars are out on long term lease contracts of 24-36 months. The cars range in age from 2000 up to 2005 and the values of the vehicles is envisaged to be €55-60k Euros. The cars are leased out on long term contracts which include, ITV (MOT), tax and maintenance and prices range from €250 to €400 Euros per month.
The Car Leasing Business for sale Tenerife has been established for 8 years and there are a stream of returning customers year on year.
The cars are maintained by a local English mobile mechanic and most repairs are carried at the clients home or work. He is paid based on the work done. The business is operated from home so office and admin costs are minimal. Insurance costs are approximately €5500 per annum and repair costs vary from month to month.
Clients range from cafe and bar owners to builders, accountants and time share workers.
This is a very profitable business which requires only a limited number of hours per week to keep it all going. Genuine reason for sale.
Financials disclosed to interested parties.