Cash from Transport Fleet, Straight to the Bank!Listing: #OR00357
About this Business for sale in Metro ManilaCash from Transport Fleet, Straight to the Bank!
CASH IS KING!
Take daily trips straight to the bank with this cash- everyday business, an established and profitable taxi and car rental source of revenues with a fleet of 50 taxis, 17 car rentals and 20 outsourced leased vehicles all late model units, a combination of sedans and vans. All vehicle units are well-maintained as the business also operates its own car garage with a service repair and maintenance department where top-notch automotive mechanics and technicians are deployed.
All car rental vehicles are covered with comprehensive insurance.
The business has been in operations for a solid 16 years, has substantial stand-by credit facilities of good track record with five major banks and is qualified to franchise for a further minimum of 30 premium taxis which is rarely issued. Taxi franchises are no longer issued, but because of the 16-year tenure of the business, the company has been given a standby franchise for premium taxis. The company is fully staffed with trained mechanics, aircondition technicians, drivers and dispatchers. An Operating Manual and Process Flow have been created to facilitate organized day-to-day work controls. The new owners can seamlessly operate the business upon transfer of ownership and start collecting cash immediately from Day 1. This business has a huge potential for nationwide operations.
Rent for space that houses both parking garage and car repair and maintenance shop is ₱60,000 for a 700 sq. meter space with 3 months deposit and renewable yearly.
Franchise for the taxis is single line, one is to one, meaning each taxi unit has one taxi franchise. Therefore, 50 taxis, 50 franchises.
Owner will stay on for six months for transition, training and consultation.
Reason for selling: cashing in and at the same time streamlining because owner has other 5 profitable businesses needing management attention and has succession concerns.
+63 2 7900 8000
+63 998 597 0016
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.