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Vehicle Rental Company Seeking Loan in Davao City, Philippines

Davao based vehicle rental company with 95% repeat rate, 14+ clients/day seeks funds to expand.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity S Corporation
Reported Sales USD 187 thousand
Run Rate Sales USD 187 thousand
EBITDA Margin 40 %
Industries Vehicle Rental
Locations  Davao City
Local Time 12:23 PM Asia / Manila
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 173 thousand for 10.0% annual interest, 5 years (Native Currency: PHP 10,000,000)
Reason: Expansion to other cities (Cebu in particular)
Collateral Available: USD 125 thousand
Includes physical assets worth USD 125 thousand
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Business Overview
- Professional full-service car, truck, SUV, and van rental company.
- VP brings over 30 years of marketing experience and extensive expertise in internet marketing.
- Currently servicing an average of 14 bookings per day with 22 cars available at the Davao location.
- Providing a full-service and honest rental experience that clients trust, with a customer retention rate above 95%.
- All legitimate Google reviews are 5-star (94 reviews to date).
- 100% paperless booking and delivery process, ensuring a fast and efficient experience that customers appreciate.
- Largest privately-owned car rental company in Davao City.
- PhilGeps registered, qualifying for Philippine government contracts.
- Fully licensed, incorporated, and compliant with all business regulations, including business plates, fire licenses, and BIR registration.
- More details about the go-to-market strategy will be provided to potential investors, with certain aspects kept confidential for competitive reasons.
Products & Services Overview
- Vehicle rental company in the Philippines.
- The most rented vehicles are typically sedans, popular for business trips and day outings. SUVs, MPVs, and vans are also in high demand for their larger capacity, catering to families and groups.
- Our customers include tourists, families, and hotels.
Assets Overview
All vehicles are owned. We have 13 cars that are owned by the company and 10 that are car shares (a program we offer to local vehicle owners)
2 vans, 2 pickups, 4 SUVs and the rest are cars.
Facilities Overview
Current location in Davao is 200 sqm plus a 57 sqm office. Location near the airport for fast deliveries and easy access for customers wanting to visit the office.
Rent per month is PHP 33K.
Capitalization Overview
The company currently has only one vehicle on loan, which is an exception to our usual practice. This was a necessary step due to the significant shortage of SUVs caused by COVID measures, leaving us no option but to finance the vehicle. Apart from this loan, the business is entirely debt-free.
The company has five shareholders, as required for a corporation in the Philippines. The ownership structure is as follows:
- 57% Filipino owner.
- 40% foreign owner.
- Three Filipino owners, each holding 1%
The majority of owners are married.
Recent Activity
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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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