Fast Growing Uber Car Rental Company for sale!

Listing Number: 86471-233219

Description

This successful business offers car rental service to Uber drivers. It has 13 cars with 13 TLC Diamond permits. Since the New York City Taxi and Limousine commission has stopped issuing new licenses to anyone, the value of each TLC permit will keep increasing. Their service is very popular in local community. There are always Uber drivers on their waiting list. The business model has high profit margin and is easy to manage. It’s serving a niche market and growing very fast. Buyer has the option to increase the number of cars and make it a franchise. It’s a turn key business, good for absentee ownership or semi-absentee ownership. All 13 cars will be included in the asking price. The owner will offer free training.
Breakdown of the total asking price = $789,000:
13 Diamond Stickers at $27,500 each = $357,500
Current Vehicles = $180,000
2.5X future cash flow = 251,500

Listing Details

  • Price: $789,000
  • Down Payment: $789,000
  • Sellers Discretionary Earnings: $100,938
  • Total Sales: $250,000
  • Location: Queens County, New York

  • Inventory: $195,000
  • FF&E: $0
  • Employees:
  • Reason for Selling: Move
  • Category: Automotive

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