Limousine Company In Dubai For Sale

Description

Limousine company in Dubai.

Fleet

Total vehicles: 24

• Hyundai models
• Lexus models
• Tesla models

Reported fleet value: approximately AED 3.5–3.7 million

RTA Allocation

Vehicle quota: 30 cars

Platforms

• Uber
• Careem
• Bolt

Team

Drivers: 29

Management roles:

• General manager
• Operations manager
• Accommodation administrator
• Marketing manager
• Outsourced finance

Operational Setup

• RTA assets and deposits: AED 132,000
• Driver setup costs: approximately AED 435,000
• 29 POS units: AED 33,350
• RMS GPS tracking system: AED 57,880

Total operational setup cost stated: AED 658,230

Financial Projection

• Annual revenue at full capacity: approximately AED 6–6.5 million
• Annual operating expenses: approximately AED 4–4.5 million
• Projected adjusted EBITDA: approximately AED 1.5–2 million

Liabilities

Outstanding debts: none reported

Valuation

• EBITDA multiple stated: 3x–4x
• Earnings-based valuation stated: AED 4.5–6.5 million

Asking Price

Price: AED 7,200,000