Car hire

Definition

A family friend who co-owns a car hire company has approached me. Mrs K.Adams co-owns the company with a Mr J.Kensington. Their company name is KJ Car Hire. The business is situated in Welling; the business is one of 5 business units on the outskirts of Welling. The office itself is small, but the premises are large, as it must hold their hire cars. The owners currently employ 6 staff, two secretaries, one mechanic and 3 drivers. The business currently has 20 cars in stock. The cars must be replaced after 3years. So the cars leased out are in top condition. The cars held in stock range from mini coupes to 8-seater people carriers. Their variety can cater for all customer needs. Depending on the size, age and market value of the vehicle prices may vary.

There are two major problems with this business. After the 3 years are up the cars must be sold off to one of a number of dealers. The problem is they are having difficulties in calculating a value to sell them ...