Car Rental Business Looking for Investment in Mumbai
This business was established in 2013. This is a traditional car rental business without the use of apps and website etc. The promoter has more than 20 years of experience in this field. This is based out of the financial capital of India and thus there is a huge demand.
Currently, 15 people work over here. They serve only corporates and are known for their quality and customer service. They provide chauffeur driven cars on a yearly or monthly basis. They have agreements with more than 32 companies including 10-12 major corporates.
They currently own 2 cars and have leased out the other cars from third parties at a certain monthly rate. They need the investment for purchasing their own cars to eliminate their dependence on third parties. They are also in need of some working capital. The promoter has never taken any loans and has completely run the company from his own funds. They have been clocking good revenues since their inception. Their revenue last year was INR 1.27Cr. Other financial details can be discussed directly with the promoter.They are looking at an investment of INR 30 Lakhs.
Please note: Documents collected for our review only. These will not be shared with any third party.
Verification of the listing does not imply that Asking price reflects the valuation of the business