S. Florida Motorcycle Rental Business $250K
S Florida Motorcycle Rental Business Looking for Partner/s & Or Lenders. $280K The company currently has three employees (paid as independent i.099 contractors) The motorcycles in stock are either owned outright with no loans, have loans on them, or are rented from individuals on a consignment basis (where the individuals and the company splits the profits). The motorcycles are worth at least s260K (the principal payments are not in the p&L; the total monthly payments including interest are about S4,000/month). JR has about SssK in equity on the bikes and owes about Srzsr. some of the bikes are upside down in the sense that more is owed than what they are worth' The asking price does not include the motorcycles. A buyer may purchase whichever bikes he wishes by paying Bike Owner for his equity and assuming the loans. Bike owner will pay off any amount of loans on whichever bikes that are upside down to the extent that the remaining loan balance will equal the current