Singapore  Singapore

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Listing Id: 32436 Last Refreshed: 26/07/2024 Total Views: 1116

(Expired)Car Rental Business For Sale!

WoodlandsCar Rental
Asking Price: S$250,000
Business For Takeover
Look For Investor
Look For Partner
GOH WEI CHENG

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  • Overview
  • Reason For Sale
  • Description
  • Business Operation
  • Property Information

Overview

  • Premise Type Office Building
  • Premise Size N/A
  • Monthly Rental S$4,000
  • Rental Desposit S$12,000
  • Revenue S$40,000
  • Liability S$0
  • Gross Profit N/A
  • Net Profit N/A
  • Stock S$80,000***
  • FFE S$10,000***
  • Payable S$0
  • Receivable S$0
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller
  • ***Inlcude in the selling price

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!

Business Operation

Asset in this business includes existing Insurance Policies, Cash to purchase vehicle, Deposits and E.t.c
Facilities
Cash-flow issues will be the key factor because we are dealing with over tens or even hundreds of thousands.
Competition
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.
Expansion Potential
We will provide training for 1-2 months to facilitate proper handover to the next owner.
Support and Training

Property Information

2 years lease end on January 2025
Lease Term
We are located in a car hub building.
Premises Details
Yes, it can relocate to other place
Relocatable
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