Car Hire Business
Location Tanzania
Asking Price Range $1.0M - $2.5M
Gross Revenues $700000
Net Profit / Cash Flow $400000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 10 - 19
Inventory 700000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Training Yes.
Reason for Sale New business venture.
Description Rapidly expanding car hire and tours business for sale, with excellent service reputation, and penetration into the must lucrative, market segment, high paying long term business clients. Good tourist clients as well. Our average client rents vehicles for 6 months +. Business is highly profitable, and ran with 100% capacity in June-Dec last year, monthly profit after depreciation, rental of managers luxury home, school fees, etc. appr0x. $20.000 USD. Fleet now expanded from January with 80%, potential $40.000 USD profit pr. month. Because of flexible TZ tax regulations depreciation is high, and tax min.
Company is founded with $700.000 USD cash loan from owner, that company pays 2% monthly interest on. Tax deductible. The price of the company is determined, with a repayment of cash loan incl. some interest being approx. $700.000 USD, plus approx $600.000 USD goodwill amount that is negotiable, tot/ $1.3 mill. USD approx.
Why buy this business:
1. Best clients in TZ.
2. Good reputation.
3. Good income from day one, and great return on investment 30-50% after expenses.
4. Good lifestyle, in safe environment, close to yachtclub, best schools in Tanzania, and location in masaki, the place with all the restaurants, and no Traffic jam.
5. Starting from scratch is time consuming, getting cars here a challenge, and before you really get going it takes you 2-3 years. With this profitable business every month counts, in your favor.
Click Here To Contact Seller
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