Peter J. Burns III Exotic Car Rentals
Serial entrepreneurs like Peter J. Burns III frequently launch new enterprises to overcome major personal problems.
Burns, who lives in Southern California has international business interests, compares starting a firm to putting on a pair of shoes. The urge to remove an annoyance is high on his list of motivators for starting a business.
The practice of hiring luxury vehicles was a subject of concern. It was costly; he wanted more options and secretly planned to help run the company. He has recently begun utilizing the Turo car-sharing program.
What would an entrepreneur do?
Peter J. Burns III met with the owner of the fleet of cars from which he had primarily rented convertibles.
One of Burns’ most well-known companies is Burns Funding, which assists people in qualifying for unsecured loans. Burns gave him money to buy 15 more cars. He intends to purchase vehicles that he is interested in driving. Since they’re partners, Burns is making money on all cars his friend rents.
History Repeats Itself
Peter J. Burns III developed this mindset as a preteen reselling golf balls retrieved from water hazards to golfers: “If you can conceive it, you can do it.”
He now guarantees returns on two directed investment solutions: Care Home Management (Boutique Group Homes for the Elderly) and Burns Funding/HI-TEK (PPE manufactured in Vietnam for end users in the United States.)
Both entities are relevant to the current state of global events. Boutique Group Homes are luxury assisted living residences for the 10,000 Baby Boomers who reach the age of 65 each day. PPE (Personal Protection Equipment) is highly demanded in our coronavirus-infected environment.
Over his forty-plus years in business, Peter J. Burns III has started, supported, or expanded over 150 firms. Based on a business proposal he sketched in college, he pioneered the moped rental sector in the 1970s.
As Burns’ fortune grew in the 1990s, he bought some expensive automobiles, which he would soon outgrow. When he realized that frequently switching exotic cars wasn’t cost-effective, he bought six at once and took turns driving them.
He purchased a Porsche 993 Carrera, a Mercedes Cabriolet, two BMW Z3s, a 1957 Chevrolet Corvette, and a 1997 Chevrolet Corvette. Then he realized he could turn his cars into a profitable rental fleet.
While renting out these vehicles, Peter J. Burns III purchased a Ferrari Testarossa. He was the single recipient of the fast car. “How much is the Testarossa?” the customer inquired. “Fifteen hundred every day,” Burns responded promptly. The client rented it for one week at that price.
Do you want to meet one of the country’s most successful business owners? For more information on any of his investment ideas, go to peterjburns3.com.