Profitable Vehicle Rental Company Investment Opportunity in Bangalore, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 220 thousand |
Run Rate Sales | USD 90 thousand |
EBITDA Margin | 40 % |
Industries | Vehicle Rental |
Locations | Bangalore |
Local Time | 2:08 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Moderately Active |
- Vehicle rental company with access to a fleet of 50+ cars out of which 30 cars are owned by the business. We have hatchback, sedans and SUVs.
- Currently, we operate in Bangalore but plan to cover other places like Kerala, Chennai, Hyderabad, Pune, Delhi, and Mumbai.
- Have reached an agreement with 3rd party associate vendors for cars that are not owned directly by the business where 60% of the revenue is shared with the associate and the business keeps 40%. The associate vendor handles all the general expenses while the business handles maintenance cost.
- Currently, we receive over 90 bookings on a monthly basis. Prior to the pandemic, we received over 300 bookings. Run rate sales have fallen as a consequence.
- We have over 4 - 5 delivery executives that deliver the cars to 3 - 4 delivery hubs around Bangalore. Customers can also request to have the cars delivered to their choice of location.
- Rides are charged on a per day basis. Prices can range from INR 1,000 - INR 4,000 depending on the car. Additionally, we have a limit of 140 km and 280 km depending on the plan. For additional usage, prices are charged at either INR 8/km or INR 11/km.
- Currently, we serve over 90 customers monthly. Prior to the pandemic, we used to get at least 300 bookings monthly.
- Intend to launch an application for our business soon. We plan to implement bike rental services into the application and food options as an added feature along with the rental bookings. Additionally, we plan to include a dedicated feature for rental booking associated with adventure activities like treks.
- Engaged in paid digital marketing through Facebook ads and accept booking through our Facebook page, Google and our website.
- Promoter has over 5 years of experience in this particular sector.
Offer vehicle renting services to our clients. Plan to launch a mobile application for our services in the future along with some added features like food options, bike rental and adventure activities.
The business owns over 30 vehicles besides all the internal furnishings of the office and the rental deposit.
We have a 1,200 square feet office that is taken on rent. We pay INR 33,000 monthly. Have already paid INR 3 lakh as rental deposit.
Additionally, we have a 7,000 square feet parking area which is on rent. We pay INR 45,000 monthly. This area can accommodate 50+ cars.
-
Earlier than 15 daysPartner, Manufacturing, Bangalore, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
-
Earlier than 15 daysManaging Director, Delhi, Financial Consultant connected with the Business