Taxi Company for Sale in Farwaniya, Kuwait
For Sale: Luxury black cab service provider with a fleet of 50 cars and 7,000+ monthly transactions.
This transaction has concluded.
| Established | 5-10 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 1.6 million |
| Run Rate Sales | USD 1.9 million |
| EBITDA Margin | 14 % |
| Industries | Taxi + 1 more |
| Locations | Farwaniya |
| Local Time | 10:31 PM Asia / Kuwait |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
8 million
(Native Currency: USD 8,000,000)
Reason: We want to venture into a new business. We have a high valuation expectation considering how popular...
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Includes physical assets worth
USD
2.2 million
Interested to connect with advisors
Documents
Domain-Verification.pdf
(213.3 KB)
Business Overview
- Provide luxury black cab services to our clientele. We own a fleet of 50 cars.
- Offer rides in 4 different categories i. e. Luxury, Grand, Family and Business. Base fare ranges from KWD 3.5 to KWD 6. Offer airport rides at a fixed rate.
- We have launched our native app on the Google Play Store and iOS App Store. Our Android app has more than 5,000 installs.
- The cars are driven by experienced and well-groomed chauffeurs and its cleanliness is closely monitored. We have hired more than 50 chauffeurs.
- We receive over 6,000 – 8,000 transactions on a monthly basis. Besides that, the organisation has tied up with 20 – 25 companies some of which include the Bank of Kuwait, Kuwait Stock Exchange, and KLM Airlines.
- Our business has been showcased on local magazines. Besides that, we have an active Facebook page where we promote our business regularly. We have also engaged in paid marketing through Google Ads.
- Offer rides in 4 different categories i. e. Luxury, Grand, Family and Business. Base fare ranges from KWD 3.5 to KWD 6. Offer airport rides at a fixed rate.
- We have launched our native app on the Google Play Store and iOS App Store. Our Android app has more than 5,000 installs.
- The cars are driven by experienced and well-groomed chauffeurs and its cleanliness is closely monitored. We have hired more than 50 chauffeurs.
- We receive over 6,000 – 8,000 transactions on a monthly basis. Besides that, the organisation has tied up with 20 – 25 companies some of which include the Bank of Kuwait, Kuwait Stock Exchange, and KLM Airlines.
- Our business has been showcased on local magazines. Besides that, we have an active Facebook page where we promote our business regularly. We have also engaged in paid marketing through Google Ads.
Products & Services Overview
We provide luxury black cab services to our clientele in 4 categories i. e. Luxury, Grand, Family and Business.
Assets Overview
We own a fleet of 50 cars which includes a selection of Mercedes S 400, GMC Yukon XL, Chryslers C 300s and some more cars. Besides the fleet of cars, the owner will receive the interiors and furnishings of the office.
Facilities Overview
We have a 1,500 square meter office. Pay an annual rent of USD 71,000 on the property.
Capitalization Overview
Not Disclosed
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