Fleet and Business Assets

The business currently operates a fleet of approximately 80 vehicles. The vehicles are owned by the business or its owners, rather than being held under conventional fleet-rental arrangements.

The fleet includes a broad selection of vehicles suitable for different customer requirements, including economical city vehicles, compact vehicles, family vehicles, manual and automatic vehicles, sport utility vehicles and larger multi-passenger vehicles.

A detailed vehicle schedule setting out the make, model, year, mileage, condition and estimated market value of each vehicle will be made available to suitably qualified prospective purchasers. The owners are currently finalising the individual vehicle values and supporting fleet information.

Customer Offering

The business provides a flexible and personalised rental service to local residents, expatriates, international visitors and holidaymakers. Its service offering includes short-term and longer-term rentals, airport-related collection and delivery services, flexible vehicle handover arrangements and multilingual customer assistance.

Customers are able to make enquiries and reservations through the business’s existing online platforms. The business has positioned itself as a convenient and customer-focused alternative to larger and more impersonal rental operators.

Premises

The business operates from rented premises at a monthly rental cost of approximately €800. This amount includes the associated service-access costs advised by the owners. The precise terms of the lease, any related charges and the transferability of the premises agreement will be confirmed during the due-diligence process.

The relatively low premises cost contributes to a manageable fixed-cost structure and provides the business with a practical operating base.

Online Presence and Goodwill

The proposed transaction is expected to include the operating business, relevant goodwill, customer-facing websites, online enquiry and reservation facilities, business telephone numbers, email addresses, social-media accounts, operating procedures, rental documentation and existing supplier and service-provider relationships.

The transaction is also expected to include the owned vehicle fleet, subject to confirmation of the final sale structure and asset schedule.

Any transfer of customer information will be subject to applicable data-protection legislation. The ownership and transferability of digital assets, domain names, intellectual property and customer records will be confirmed as part of the due-diligence process.

Growth Opportunities

A purchaser could expand the business through increased digital marketing, improved online booking conversion, partnerships with hotels and holiday-accommodation providers, relationships with estate agents and property managers and referral arrangements with tourism and leisure businesses.

Further growth may be achieved through longer-term rentals, corporate and expatriate rental packages, seasonal pricing, expansion of the fleet and improved vehicle utilisation outside the peak holiday periods.

The business provides an established platform from which a purchaser can expand without having to develop a car-rental operation from the beginning.

Confidentiality and Further Information

The identity of the business, its trading names, websites, precise operating locations, detailed fleet schedule and financial information will remain confidential during the initial enquiry stage.

Detailed information will be made available only to suitably qualified prospective purchasers following the signing of a confidentiality agreement and confirmation of proof of funds.

Financial records, fleet information, rental history, lease documentation and supporting operational information will be made available as part of the formal due-diligence process.