Car Rental Business

Here is an opportunity to purchase a very well known and respected car rental company on Margarita Island that has absolutely no competition in the Playa el Yaque resort area. This resort area is one of the best known wind/kite surfing centers of the world. The business has a strong internet presence and is known to have the nicest and best maintained cars on the Island.

This business has operated for almost three years and has gained a loyal clientele of primarily English speaking customers. In fact all employees are proficient in English. All Government permits and registries have been acquired including that of the Board of Tourism.

The current value of the vehicle fleet is equivalent to 418,000 Euros. All vehicles have followed or exceeded manufacturer service recommendations and have complete maintenance/service records.

The current owner is willing to guarantee a ROI of over 10 percent for the first year if the current business plan is followed. Financial records are available for serious investors upon viewing the properties. A full training program will be provided to the buyer.

This opportunity also includes two personal residential properties:

The first property is a completely remodeled and upgraded single story, 3 bedroom, 2 bath home. This home features vaulted ceilings, a huge master bedroom, a large multi use living space and loads of closet space. The residence interior measures approximately 320M2, has central air conditioning in the living areas and independent split air conditioning units in each of the bedrooms. The newly remodeled kitchen has granite counter tops, and ceramic tile floors. The residence also includes a separate guest apartment with a full bath and fully equipped kitchenette.The residence comes fully furnished and includes all the kitchen appliances, cooking utensils and dishes.

This residence is located within walking distance of two supermarkets, two pharmacies, bakeries, banks and the largest Mall (Sambil Mall) on the Island. The exterior boasts a secure car park for four cars and has a privacy wall the encircles the entire property. There is also a huge patio and an in ground fully tiled 32 M2 pool. It is rare to find a home of this quality in a safe sought out community like this one. An added plus, the neighbors speak English. THIS PROPERTY WILL NOT BE SOLD SEPARATELY.

The second property is an ocean front, 92 M2 2 bedroom, 2 bath rental condo. This unit has a fantastic seventh floor view and a balcony. It also comes fully equipped and has an American style kitchen with microwave, full sized stove, dishwasher, disposal, water filtration system, under counter ice maker, and a full size refrigerator.

The condo is located in the La Carantra section of Porlamar, one of the best areas on the Island to own a condo. There are two pools and two elevators. This unit usually generates 20,000 Euro per year from monthly rentals. THIS PROPERTY WILL NOT BE SOLD SEPARATELY.

The Price: 675,000 Euro