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Vehicle Rental Business Seeking Loan in Cebu City, Philippines

Car rental business in Cebu offering 24-hour self-driven cars and cars with drivers.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 1.8 thousand
Run Rate Sales USD 11 thousand
EBITDA Margin 25 %
Industries Vehicle Rental
Locations  Cebu City
Local Time 9:36 PM Asia / Manila
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 9 thousand for 10.0% annual interest, 2 years (Native Currency: PHP 500,000)
Reason: At this stage of our business, funding will be used to improve our marketing strategies and gather m... View More
Collateral Available: USD 18 thousand
Includes physical assets worth USD 180 thousand
Interested to connect with advisors
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Business Overview

- Car rental business in Cebu City started in 2018.

- Business has HQ in Cebu City and a branch office in Sta. Fe Bantayan.

- We provide 24-hour self-driven cars, cars with drivers and fuel.

- Started the business last year with 1 car and now we have a fleet of 50 cars.

- Our cars vary from 4 seaters to 18 seaters with daily rent costs ranging from PHP 1,500-4,000.

- We receive 5-15 bookings on a daily basis.

- Our sales have increased since we recently added more cars and getting more bookings.

- The tourism business in Cebu is booming and this will help us grow our business.

- Business owns cars, furniture, website.

Products & Services Overview

24 hours self-drive cars and cars with driver rental cars with fuel.

Facilities Overview

We have 2 rented offices located in Cebu City and Sta. Fe Bantayan with an average of 18 sqm each.

Capitalization Overview
Not Disclosed
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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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