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Newly Established Vehicle Rental Business for Sale in Vijayawada, India

For Sale: Car rental company with a long term contract with Indian Railways.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 130 thousand
Run Rate Sales USD 160 thousand
EBITDA Margin 20 %
Industries Vehicle Rental
Locations  Vijayawada
Local Time 6:09 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 70 thousand (Native Currency: INR 5,000,000)
Reason: Selling the company because of insufficient funds. We are also open to partial takeovers or investme... View More
Includes physical assets worth USD 70 thousand
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Business Name
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Business Overview

- Business is a car rental company with a long term contract with Indian Railways, Vijayawada division.

- There is 6-year contract which is to be renewed every 2 years. We are 1 year into this contract currently.

- We provide cars for their use on per kilometer charges of INR 37.7.

- The cars are available for a minimum of 250 KMs to 3,000 KMs.

- We own a total of 20 cars, not older than 12 months.

- All the cars are in use every day and are being utilized at maximum capacity. Fuel costs are borne by the user.

Products & Services Overview

We provide vehicles for rent to Indian Railways on a per kilometer basis.

Assets Overview

- Physical assets include 19 Mahindra Bolero Camper and 1 Tata Winger 12 seater. All the vehicles are 7-12 months old.

- Value of assets is inclusive of an INR 25 lakh fixed deposit in SBI bank under the company name which will also be given to the buyer.

Facilities Overview

We have a rented office in Vijayawada.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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