Melburnian friends, Andy Jacoba, Jason Augusto and Jun Briones built a van rental business to meet the demand for big families who want to be driven around to visit landmarks in the area-staving off illegal (colorum) practices.
Key Points
- The market size of the Car Rental industry in Australia is measured at $1.5bn in 2023, according to IBISWorld.
- Panyero’s Van Rentals started in September 2020 as a full-on business with a beginning capital of $30,000.
- The partners used to have their own businesses - Augusto was into buy- and-sell, Jacob had a car mechanic shop while Briones was an IT contractor.
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