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Vehicle Rental Business for Sale in Ahmedabad, India

Full Sale: Cab service provider with access to 40 cars that's served 30+ clients recently.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales USD 27 thousand
Run Rate Sales USD 32 thousand
EBITDA Margin 20 - 30 %
Industries Vehicle Rental + 1 more
Locations  Ahmedabad
Local Time 12:36 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 64 thousand (Native Currency: INR 4,800,000)
Reason: The owner has a separate business and wants to focus on that instead.
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Offer cab services to our clients. We also offer outstation trips, corporate packages, city tours and car rental services. We plan to offer tours and travel services going forward.

- The business owns 4 cars (2 SUVs and 2 sedans) and has tied up with a third party company that provides us with access to another 36 cars for a total fleet size of 40 cars. We redirect our excess demand over to this company and they provide us with a 10% - 20% commission on the price of the duty as compensation.

- We offer our services to corporate and private clients. Prior to the pandemic, over 95% of our revenue came from corporate clients while the remaining 5% came from private clients. To that extent, we are tied up with 7 corporate clients from companies such as MakeMyTrip, Goibibo and Axis Bank. Currently, we are able to sustain ourselves by providing our cab services to essential service providers and have served over 30 - 35 clients in that regard.

- Our pricing plan is INR 8/km for hatchback cars, INR 10/km for sedans and INR 12/km for SUVs. We offer 24/7 customer support.

- We have hired 4 drivers. Prior to the pandemic, they were paid a salary of INR 15,000 per month along with an extra commission based on the duty. However, now they are being paid as and when their services are required.

- We actively promote our business on social media platforms such as Facebook.

Products & Services Overview

We offer cab services and that also includes outstation trips, corporate packages, city tours and car rental services. We plan to offer tours and travel services going forward.

Assets Overview

The buyer will be receiving 4 cars (Chevrolet Cruze, Tata Zest, Toyota Etios, Toyota Innova Crysta). The cars are between 1 - 3 years old and in very good condition.

The office is not included in the transaction.

Facilities Overview

Owned property of 1,200 square feet.

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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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