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Listing ID: 1912 Total Viewed: 5185

*Rare* Taxi Business In Yangon, Myanmar (Licensed)

Singapore

Asking Price : SGD640,000

Revenue: SGD50K - 100K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2014

Gross Profit: SGD5K - 10K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Under SGD5K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 2

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

***NOT included in asking price

Reason To Sell
Cash out
Business Description

My wife and I started this business in April 2014, with the help of our close friends in Myanmar. We entered the market seeing a huge opportunity:

1) The only chance for us to enter into PUBLIC TRANSPORT sector, legally.

2) Motorcycles and bicycles are banned on the roads and sidewalks.

3) There is currently no proper public transport infrastructure at the moment.


So, with good faith, we bought 18 taxis.

Within 2 weeks, all were rented out.

The profit that was generated was used to buy additional fleet.

It has been 16 months passed, we now have 24 taxis without putting in any additional cash.

Our NET PROFIT per year calculated to be about SGD$46000.00 (After forex)

The profit will continue to grow exponentially, only if profit is re-invested.

Income is based on the taxi rentals, not the meter or revenue the drivers make. (Think ComfortDelgro leasing style)


We have close friends (Burmeses) there to operate our business, therefore we do not need to hands on.

This is our passive income. I can teach you how, so long as you follow the system that we created.


Our total asset value (fleet) is about SGD$320,000.00

$0.00 Liabilities

$0.00 Debts

We are looking at getting an upfront 7 years profit cash. Which tallies to be about SGD$320,000.00 too

We are willing to let go this business at SGD$640,000.00 including assets, licensing and company.


This is for real serious buyers!

The reason to sell is simple. We entered this business with the intention to make it profitable then sell. We have other businesses running at the moment. At the same time we want to cash out for other businesses.


Business have risks. We took calculated ones and let us help you assess yours:

1) Forex risks. Myanmar Kyat is very much tagged to USD. This is a double edge sword, may increase or decrease your profit.

2) Car thefts. Extremely unlikely. Why? When you know Burmeses well, teachings of Buddha will not allow such act.

3) Government changes. This is something that you have to look out for. At the moment the licenses are legal, but we do not know 10 years down the road what will happen to the new government laws.


Feel free to contact me. I can't write and explain everything here.

94231078

Anson 

Business Operations
Preferred Skills:
Prudent investors, not for amateurs
Supporting and Training:
3 months handover
Staff:
2 Foreigners
Property Information
Premise Status:
Rent
Rental Fee:
SGD0
Premises Detai:
Not applicable
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Inclusive of 24 taxis (Toyota series) Our operators
Competition:
Many other small private own taxis
Expansion Potential:
Just re-invest your profits to get exponential growth

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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