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  • Profitable Car Rental Business for Sale with Fleet of 300 Cars
Profitable Car Rental Business for Sale with Fleet of 300 Cars

Profitable Car Rental Business for Sale with Fleet of 300 Cars

  • BXB Listing ID :

    1933
  • Type :

    Buy Business
  • Business Type:

    Business
  • Business Name:

  • Country:

    United Arab Emirates
  • State:

    Dubai
  • Area:

    Al Barsha
  • Asking Price:

    5,900,000 AED
  • No of Employees:

    19
  • Year Established:

    1997
  • Annual Revenue:

    7,200,000 AED
  • Annual Net Profit:

    600,000 AED
  • Trade Licence:

    Mainland
  • Total Net Assets:

    4,700,000 AED
  • Business Hours:

    10 am - 8 pm Saturday to Thursday
  • Real Estate:

    Leased by the Business
  • Lease Terms Description:

    Annual Lease
  • Annual Leasehold Rent:

    48,000 AED
  • Reason for Sale:

    Owners are relocating.
  • Premise:

    Large parking facility for the cars in both offices.
  • Information on staff:

    9 drivers, 1 mechanic, 2 sales, 3 administrators/accounts, 1 RTA entry clerk, 1 follow up clerk, digital marketing professional.
  • Information on transition to New Owner:

    Staff can run the day to day operations

Business Overview

This well-established car rental business has been operating for more than 21 years. They have a fleet of 300 cars in a range of makes & models to cater for the wide range of market demographics they serve.
The business operates from two branches - in Dubai and Ajman. This allows the business to optimise their operations and offers additional chauffeur service to their customers upon request. The main office is well located in the centre of Dubai with easy road access and a spacious parking facility. The operations are handled by 19 experienced employees who cover all aspects of the business - from RTA entries and accounting to mechanical work and sales. The business also runs marketing from their office to maximise their revenues.
The business has remained profitable operating as a cash business. They have a good marketing strategy that enables them to operate at 93% efficiency on the cars. Up to 60% of their customers contract their cars on long term leases. The company has a clean banking history and obtained approval for 1,000,000 AED car finance that can be used immediately by the new owner to increase the fleet.
The business sale includes a database of 4,000+ customers. The business can be continually scaled out by increasing the fleet. The new owner will benefit from the years of experience and well-organised operations by existing management. This business offers a stable cash income and good ROI. Audited financial accounts are available on request.



Please click on thumbnail to view Teaser

Car Rental

300 cars

*Well Established Car Rental Business.   *300 cars in great condition. *Makes & models of vehicles to cater to various demographics. *Proven Marketing Strategy. *Cash business operating at 93% lease efficiency of cars. *60% of customers are on a long term lease.  *Team of 19 employees that covers all aspects of operations. *Audited Accounts. *Well run business. *Clean Bank Record and available facility for further loans.

DISCLAIMER

This Listing has been produced by a User of our Site and, in accordance with our Terms and Conditions and Marketplace Policy, we are not responsible for the content of the Listing or any information or materials referenced in the Listing. You should undertake your own due diligence in respect of the contents of the Listing and any queries should be directed directly to the Seller using the contact form set out above.

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