Limousine Company In Dubai For Sale

Description

Established Limousine Company For SaleDubai, UAEAsking Price: AED 7,200,000Well established and fully operational limousine company presented as a turnkey investment opportunity with immediate income potential and no outstanding debtsThe company operates with major ride hailing platforms including Uber, Careem and BoltFleet consists of 24 vehicles including Hyundai, Lexus and Tesla modelsTotal fleet valuation estimated at AED 3,500,000 to AED 3,700,000RTA contract allocation includes a 30 car quotaOperational structure includes 29 drivers and management team consisting of a general manager, operations manager, accommodation administrator, marketing manager and outsourced finance functionAssets and operational deposits with RTA amount to AED 132,000Total driver related setup costs including visa processing, RTA cards, phone, SIM cards and accommodation estimated at AED 435,000POS system setup with 29 units (Network International) valued at AED 33,350GPS tracking system (RMS) valued at AED 57,880Total operational setup costs amount to AED 658,230Earnings projection based on full capacity indicates annual revenue potential of AED 6,000,000 to AED 6,500,000Operating expenses estimated at AED 4,000,000 to AED 4,500,000 annuallyAdjusted EBITDA estimated at AED 1,500,000 to AED 2,000,000Industry valuation multiple for Dubai limousine transport businesses ranges from 3x to 4x EBITDAResulting earnings based valuation estimated between AED 4,500,000 and AED 6,500,000Final asking price set at AED 7,200,000