Rent-to-Own Tesla Fleet | $2.2M Contracted | Proprietary Software | LA - Business for Sale
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Rent-to-Own Tesla Fleet with Proprietary Software in Glendale, CA
Glendale, CA, US
Added today
Rent-to-Own Tesla Fleet
5 years in business
Remote
This business operates a rent-to-own Tesla fleet based in Glendale, CA, offering four-year contracts to drivers and utilizing proprietary fleet management software, with operations extending to multiple states.
Key Information
Asking
$1.4M
Revenue
$654K
Earnings
$265K
Multiple
5.1x
Key Highlights
- Business was founded in 2021 and has been operating for 5 years
- Fleet includes 26 Teslas (Model 3, Y, S, and X): 23 on active four-year contracts, 3 available for new renters
- $2.2 million of remaining contracted payments; $51,200 per month in contracted biweekly rent
- 14 cars are company-owned; 12 will transfer free and clear at close after loan payoffs
- Approved $350,000 Westlake Fleet credit line, increasing to $1 million after six months of on-time payments
- Exclusive rent-to-own fleet partnership with EON Tesla Rents (9 cars on 48-payment contracts)
- 553 inbound enquiries in the last 90 days; 122 open leads currently; no paid advertising
- Business is remote/relocatable
- Seller financing available up to 50% for qualified buyers; SBA-friendly for partial change of ownership
- Founder will retain 20% equity and sign a 12-month advisory agreement; 100% sale negotiable
Contact Info
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