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Listing Id: 32436 Last Refreshed: 26/07/2024 1214 Views

Car Rental Business For Sale!

Expired
Asking Price S$250,000
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Monthly Figures
Revenue
S$40,000
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
S$4,000

Business Operations & Assets

Stock
S$80,000 Price Included
FFE
S$10,000 Price Included
Owner Role
Full Time
Premise Type
Office Building
Rental Deposit
S$12,000
Premises Details
We are located in a car hub building.

Business Details

Reason For Sale

Cash flow have some issues

Description

$150,000 to take over car rental business in Singapore! Car Lease Sg Pte Ltd is established for more than 2 years. We currently have a fleet of 20 vehicles for rent, of which 13 cars are long term customers, 7 car is short term rental. All loan facilities has already been set up properly, current asset in company worth of 80k-100k. Selling at this pricing due to cashflow issues for other business. We will provide a 1-2 months handover training. Monthly revenue is 35k-45k, and a profit of 8k-12k. High potential in future prospect. Shopfront will not be taken over, so will need to consider getting another office for this company.
Contact us for more information for interested parties!

Facilities

Asset in this business includes existing Insurance Policies, Cash to purchase vehicle, Deposits and E.t.c

Competition

Cash-flow issues will be the key factor because we are dealing with over tens or even hundreds of thousands.

Expansion Potential

Expansion will be quick for this industry, there is a significant rise in the demand for car rental in Singapore, especially during inflation of COE. Potential in achieving high fleets, with the existing resources we have such as loan company's support, existing customer base, existing long- term rental customers. All systems has been set-up in a simple yet conducive ways.

Buyer Support & Terms

Support and Training

We will provide training for 1-2 months to facilitate proper handover to the next owner.
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