The company, which is offered for sale provides a car rental services as well as leases them to its customers. Its fleets include vehicle brands as KIA, NISSAN, HYUNDAI, TOYOTA and MITSUBISHI. The company pays special attention to the customer service and always provides only the best possible of it. The philosophy of the company is giving the best to its clients at the lowest possible price. Besides, the firm offers special discounts and conditions for those, who rents cars or leases them for a long term. All cars are fully insured and well maintained. Also among other service of the company are: pic-up services, a driver and easy payment plans.
Established: June 2012
Location: Al Qusais Dubai, UAE
Size of the place: 1100 sq. ft.
Rent: 74.000 AED ($20.200)
The tenancy contract is valid till June 2016
License: 25.000 AED ($6.830)
Valid until June 2016
Sponsorship: 12.000 AED ($3.300) yearly
Staff: 64 employees
Salary 384.000 AED ($105.000) yearly
Timing: 9 am-1 pm
Revenue: 9.200.000 AED ($2.514.000) – 9.800.000 AED ($2.677.000) yearly
Net profit: 1.200.000 AED ($328.000) – 1.600.000 AED ($437.000) yearly
Total Assets: cars, passenger transport, office furniture, etc.
The assets of the company in total cost 20.000.000 AED ($5.464.000), 9.000.000 AED ($2.460.000) of which is already paid, 11.000.000 AED ($3.005.000) of which the company is still paying on leasing.
Marginality of the business: 15%
A payback period is around 5 years but taking into consideration the great opportunities for expanding business and increasing net profit, this period may be significantly reduced.
Selling price: 7.000.000 AED ($1.913.000)
The price includes:
1. Sustainable profitable business
2. Adjusted work process
3. Company’s assets
4. Great opportunities to expand the business and increase the profit
5. Already known brand name
6. Customer database