Internal Ref: Tropical North
Summary
An exciting opportunity to secure one of Far North Queensland's most established and trusted vehicle car hire rental brands, operating on the beachfront of Palm Cove.
Location Details
8/71 Williams Esplanade
Located at the Beachfront of Palm Cove on Williams Esplanade. An enviable rental car hire location surrounded by popular resorts and restaurants with great street presence all year round thanks to passing foot traffic from locals and tourists.
Potential
-Multiple Revenue Streams including car hire, retail merchandise, and tour bookings with commission sales.
- Merchandise Sales (New Revenue Stream) Merchandise has been recently introduced 4 months ago, these sales are not reflected un the historical financial statements, presenting immediate upside potential. Palm Cove currently has limited souvenir retail offerings creating strong opportunity to increase profit through beachfront impulse purchases.
Hours
Shop/Office Trading Hours Flexible Trading Hours to meet demand.
Lease
Leasing 8/71 Williams Esplanade, Palm Cove,the current lease has favourable conditions and relationship with Landlord.
Reason for Sale
For more than 30 years, Tropical North Car Rentals has built a loyal customer base, supported by locals, accommodation partners, and tourists alike. The owner is selling to pursue a new business venture and lifestyle direction, presenting an excellent opportunity for a new operator to take over a well-established Car Hire Rental and tourism business in a prime location.
About the Business
STAND OUT FEATURES
- Profitable Turnkey Car Hire Rental Business on the Beachfront of Palm Cove in the Cairns Northern Beaches.
- Perfect for someone looking for a Sea Change and to start their own business.
- Sale of Business, Goodwill, websites, social media, and all marketing collateral associated with the business (suppliers and contacts), all forward bookings and ongoing support from the current owner.
- All chattels, contents, and shop equipment, including marketing stands, display, POS, reception decks, office furniture, and merchandise (@ stock value $60K approx.).
- The business Vehicles can be purchased separately (approx. 15# vehicles to be sold, price Negotiable).
-Multiple Revenue Streams including car hire, retail merchandise, and tour bookings with commission sales.
- First time offered for sale since 1995, more than 30 years.
- Full and Comprehensive Handover.
- Shop/Office Trading Hours Flexible Trading Hours to meet demand.
- Merchandise Sales (New Revenue Stream) Merchandise has been recently introduced 4 months ago, these sales are not reflected un the historical financial statements, presenting immediate upside potential. Palm Cove currently has limited souvenir retail offerings creating strong opportunity to increase profit through beachfront impulse purchases, capture high margin tourist spending and expand the product range.
- All enquiries are encouraged and welcome, and prospective buyers will be asked to sign a non-disclosure agreement (NDA) to view confidential information relating to the financial and trading position of the business.
- The business currently leases the premises at 8/71 Williams Esplanade, Palm Cove, the current lease has favourable conditions and relationship with Landlord.
History
Founded in 1995, this Car Hire Rental business has grown from a modest 10-vehicle operation into a recognised tourism business, offering multiple revenue streams including car hire, retail merchandise, and tour bookings with commission sales. In a prime location on the beachfront along Williams Esplanade overlooking the Coral Sea, this is a complete turnkey opportunity including brand, goodwill, digital presence, and established industry relationships, an ideal lifestyle business in a premium coastal setting.
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