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Vehicle Rental Company Investment Opportunity in Mumbai, India

Bike rental service business seeks funding for purchasing additional bikes and expanding to other states.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 4 thousand
EBITDA Margin 8 %
Industries Vehicle Rental
Locations  Mumbai
Local Time 11:47 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 70 thousand for 20.0% stake (Native Currency: INR 5,000,000)
Reason: To buy new bikes for setting up the business in Rajasthan first & we will be expanding to other stat... View More
Includes physical assets worth USD 3.3 thousand
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Business Overview

- Business is currently operating in Ganpatipule, Ratnagiri region of Maharashtra & the registered office is located in Mumbai.

- Would like to expand the business by making available up 10 bikes in all major cities of Rajasthan, Kerala, Punjab and Telangana.

- At present we have 8 bikes in Ganpatipule and Ratnagiri region & on a daily basis, we serve 2 - 3 customers.

- All bookings are done through calls at present & looking to develop a mobile app for user's ease.

- As of now, we will be operating with scooters & motorbikes & will be adding e-bikes to our fleet in the future.

- Marketing head has 5 years of marketing experience.

Products & Services Overview

Scooty, motorbikes & e-bikes on a daily, weekly & monthly rental basis.

Facilities Overview

Rented office space 300 sqft area.

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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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