Vehicle Rental Business Seeking Loan in Mabalacat, Philippines
Self driving car rental business in Mabalacat with 4 new vehicles and long term rentals.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 40 thousand |
| Run Rate Sales | USD 40 thousand |
| EBITDA Margin | 20 % |
| Industries | Vehicle Rental |
| Locations | Mabalacat |
| Local Time | 10:07 AM Asia / Manila |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
25 thousand
for
12.0%
annual interest,
3
years
(Native Currency: PHP 1,500,000)
Reason: To make changes in the business model and offer affordable services to customers.
Collateral Available: USD 0
Includes physical assets worth
USD
25 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Located in Mabalacat, this self-driving car rental business specializes in offering a fleet of 4 modern SUVs, ideal for tourists and expatriates.
- The company enjoys a strategic advantage as it is only 5 minutes away from Clark Airport, attracting a steady stream of customers who arrive in the region.
- The customer base primarily includes foreign visitors and tourists who prefer the spaciousness and comfort of SUVs over traditional sedans.
- With a strong emphasis on friendly customer service, the business has developed a positive reputation, resulting in many long-term renters.
- Business has a registration certificate.
- The rental model generates revenue primarily through daily and long-term leasing agreements, with most units consistently occupied by satisfied renters.
- The company’s commitment to quality service has led to excellent reviews and reliable recommendations, fostering customer loyalty and repeat business.
- The company enjoys a strategic advantage as it is only 5 minutes away from Clark Airport, attracting a steady stream of customers who arrive in the region.
- The customer base primarily includes foreign visitors and tourists who prefer the spaciousness and comfort of SUVs over traditional sedans.
- With a strong emphasis on friendly customer service, the business has developed a positive reputation, resulting in many long-term renters.
- Business has a registration certificate.
- The rental model generates revenue primarily through daily and long-term leasing agreements, with most units consistently occupied by satisfied renters.
- The company’s commitment to quality service has led to excellent reviews and reliable recommendations, fostering customer loyalty and repeat business.
Products & Services Overview
We offer SUVs for self-driving.Lot of our clients are foreigners and tourists and they prefer SUVs to sedans.
Assets Overview
Physical assets:- 1 sedan worth PHP 600 thousand.
- 2 crossover PHP 1.2 million.
- 1 SUV PHP 900 thousand.
Depreciated total asset value is PHP 1.5 million.
Facilities Overview
We have a rented office space in Mabalacat. We have 4 cars and most of them are rented most of the time.
Capitalization Overview
We funded our start-up with our own funds and reinvest every profit to keep the business growing. Our outstanding loans are car loans which car rental is covering. Single owner business.
Tags:
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