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Taxi Company for Sale in Dubai, United Arab Emirates

For Sale: Taxi company offering transportation services with Uber & Careem contracts.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 294 thousand
Run Rate Sales USD 250 thousand
EBITDA Margin 20 %
Industries Taxi
Locations  Dubai
Local Time 2:27 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.09 million (Native Currency: AED 4,000,000)
Reason: The owner has relocated to India.
Includes physical assets worth USD 580 thousand
Interested to connect with advisors
Documents
Business Overview
- We are a transportation company offering transportation services to corporate clients and tourists.
- The company has a fleet of 20 owned vehicles.
- The firm operates these with Uber and Careem in Dubai.
- The owner has relocated to India and would be available on local Indian phone number.
- All drivers have valid visa & RTA permits.
- Valid contracts with Uber and Careem which are expiring in three months. These contracts can be renewed with one time fees.
- Also, cater to tourists, for airport pick up and drop and for various sightseeing purposes.
- The cars include business Sedans and SUVs.
- 4 Lexus 300H Hybrid 2019,6 Lexus ES350 2018,8 Lexus ES350 2015.2 Honda Odyssey SUV (7-Seater) 2018.
- Our company's revenue dropped this year to the affect of the pandemic on the market.
- The business is extreme valuable as the prospective buyer will receive an already established infrastructure along with industry generated goodwill and clientele.
- The business runs operations in Dubai. However, the owner has currently relocated to India.
Products & Services Overview
We offer taxi cab services through Uber and Careem, and are actively engaged in a hospitality contract.
Assets Overview
A total of 11 luxury cars (plus 9 number plates in reserve) in the fleet including business Sedans and SUV, 4 Lexus 300H Hybrid 2019,6 Lexus ES350 2018,8 Lexus ES350 2015,2 Honda Odyssey SUV (7-Seater) 2018, contracts, and licenses,
Facilities Overview
Operational office with a fully furnished space of 250 sqft and a monthly rent of AED 3,000.
Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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