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Mallorca’s leading moped hire business, MED-PED, is now available for sale. After more than 40 years of successfully renting mopeds and scooters to tourists in sunny Mallorca, the time has come for a new owner to continue running this highly profitable company.
Based in Magaluf, this recreation and transport services business is in the perfect location to draw in tourists visiting Mallorca. MED-PED is located in the centre of Palma Nova, a tourist resort that accommodates more that 40,000 tourists. Due to this excellent positioning, the next owner will be able to continue taking advantage of an excellent footfall and high volume of passing trade.
Established in 1976, MED-PED has now earned a fantastic reputation for offering care hire services and hiring motor cycles, with the slogan “we rent fun”. This slogan has proved to be accurate as the business has earned positive reviews from countless tourists. The staff provide a welcoming and friendly atmosphere, which helps this business appeal to new visitors.
Competition to this business is small, with the number of competitors varying each year, but never exceeding more than 5. As a result of this, the next owner will be able to continue operating without the threat of losing customers to many other companies. There is also the possibility of expanding MED-PED into a franchise model in other resorts of Mallorca as well as in Ibiza. The current owner’s are happy to share ideas on these possible expansion plans during the sale of this business.
To ensure a smooth transition of ownership, the current owners are prepared to offer full support and training after the sale has been completed. The next owner will also be able to benefit from all of the inventory and stock being included with the sale of the business. This will allow for a new owner to be able to start trading immediately and hit the ground running.
For more information on this opportunity, contact the seller through the form below.
Available as lease or with real property included
MED-PED rents 5 commercial premises and at the same time owns another 4 commercial premises, making a total of 9 adjoining premises.
29.500.00 per annum
Located in the geographical centre of Palma Nova, Magaluf. This tourist resort accommodates more than 40,000 tourists and is based in the municipality of Calvia.
9 adjoining commercial premises for rental offices, workshop and garages.
MED-PED could franchise in other resorts of Mallorca as well as in Ibiza.
The number of smaller competitors varies each year, but has always been less than 5.
Current owners retiring.
From March to the end of October. From 09:00 to 19:00, 7 days a week.
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