Newly Established Vehicle Rental Company Investment Opportunity in Oranjestad, Aruba
Established | 0-1 year(s) |
Employees | 5 - 10 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | Vehicle Rental |
Locations | Oranjestad |
Local Time | 8:39 PM America / Aruba |
Listed By | Business Owner / Director |
Status | Moderately Active |
- With a strong focus on both the local market and the burgeoning tourism sector, the business is seeking an investment to launch and expand with an initial fleet of 30 vehicles.
- Will provide reliable car rental services in Aruba to both tourists and accident-affected clients with insurance claims, in partnership with their sister consulting & financial services company which is also the only company managing insurance claims on the island.
- Revenue model will be charging on a per day utilization basis for the tourists and charging it from the insurance for the car accident rental incidents.
- The company aims to further expand its fleet by acquiring up to 95 permits, grow its market share in tourism, and ensure year-round profitability through balanced demand from both locals and tourists.
- The car rental industry in Aruba is driven by both the tourism sector, with an estimated 425,964 tourists renting vehicles annually, and a stable local market of approximately 294 insurance claims-related rentals each year.
- Company will operate through direct partnerships with their sister firm for local clients and collaborate with travel agencies and hotels for tourists.
- With a focus on high-quality vehicles, competitive pricing, and digital marketing campaigns, the company plans to establish distribution points through commercial partnerships with renowned hotels.
- The business model projects an annual net profit of $928,506.90, with an ROI of 29.02% in the first year, growing to 43.52% in 18 months, 58.03% by two years, and 145.08% over five years.
- Business has all the car rental permits.
- Leisure car rental services: The primary product offering includes high-quality, reliable car rentals aimed at both tourists and local residents in Aruba.
- Insurance claims-related rentals: The company will cater to local residents involved in car accidents, providing them with rental vehicles while their own cars are under repair. This service is particularly unique as the sister firm is the only company on the island managing insurance claims.
Target clients:
- Tourists.
- Local residents with insurance claims: Residents involved in traffic accidents and in need of temporary transportation will also be key users of the company’s rental services.
- Office: $1,200,000.
- Garage: $50,000.
- Cars (4 vehicles): $48,000.
- Cash in bank: $1,440,000.
Intangible assets include car rental permits and licenses.
No external funding/loans acquired.
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Earlier than 15 daysOwner, Car Rental, Paramaribo, Corporate Investor / Buyer connected with the Business