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Newly Established Vehicle Rental Business Seeking Loan in Mangrove, Barbados

Taxi and rental service startup in Barbados, seeking investment for starting business operations.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Vehicle Rental
Locations  Mangrove
Local Time 2:48 AM America / Barbados
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 50 thousand for 3.0% annual interest, 3 years (Native Currency: BBD 100,000)
Reason: Seeking startup capital to commence the business operations. The loan can be repaid through alterna... View More
Collateral Available: USD 0
Includes physical assets worth USD 30 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Documents
Business Overview
- Startup focused on providing taxi and rental services, currently in pre-revenue stage.
- The company aims to cater to the transportation needs of both local residents and tourists.
- The business model involves B2B contracts with corporate clients, indicating a focus on corporate partnerships.
- The company has conducted online surveys and market research to identify the demand for vehicle rentals and has identified a potential supply-demand gap in the Barbadian market.
- The projected annual sales are in the range of BBD 90-120, positioning the company for potential growth in the coming years.
Products & Services Overview
Our vehicles will provide.
- Taxi services.
- Rentals from anywhere for a duration of 1 day to the entire month.
- Rentals for mothers who need reliable trans speed as well as tourists.
Assets Overview
Land.
Property.
Vehicle.
Computers.
Furniture.
Company phones.
Facilities Overview
Own 1 story building of 1,200 sq. ft. located in Deslaine, Mangrove Park.
Capitalization Overview
Business is self-funded.
No outstanding loans.
There are 2 shareholders in the business.
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1 Investor viewed this Business this week. Register below to connect now!
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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