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Investing in Limo Business (UBER / CAREEM)

Investing in Limo Business (UBER / CAREEM)

  • BXB Listing ID :

    3114
  • Type :

    Raise Capital
  • Business Type:

    Startup
  • Business Name:

    Investing in Limo Business (UBER / CAREEM)
  • Country:

    United Arab Emirates
  • State:

    Dubai
  • Area:

    Business Bay
  • Asking Price:

    437,500 AED
  • No of Employees:

    600
  • Year Established:

    2010
  • Annual Revenue:

    1,100,000 AED
  • Annual Net Profit:

    125,000 AED
  • Trade Licence:

    Mainland
  • Real Estate:

    Owned by the Business
  • Lease Terms:

    Annual
  • Reason for Sale:

    This is a Dubai-based limo company, we are offering you an opportunity to take advantage of our successful limo transportation business, based on UBER / Careem smart apps, by getting your own luxury vehicles (Lexus ES, Infinity Q-70 or equivalent models), and operating them in the demanding market of Dubai. In Dubai, unlike other cities, you need a limousine trade license (which costs over AED 8.50 Million) in order to register and operate cars with UBER / Careem, and here comes our turn to support you.

Business Overview

UBER / Careem limo business. High ROI of 25% to 31%. Solid & stable revenue. Low business risk. Secured capital. No VAT on public transportation. This is a Dubai-based limo company, we are offering you an opportunity to take advantage of our successful limo transportation business, based on UBER / Careem smart apps, by getting your own luxury vehicles (Lexus ES, Infinity Q-70 or equivalent models), and operating them in the demanding market of Dubai. In Dubai, unlike in other cities, you need a limousine trade license (which costs over AED 8.50 Million) in order to register and operate cars with UBER / Careem, and here comes our turn to support you. Profit Projections in Simple Figures: Capital: The initial capital is AED 87,500 per vehicle (because all the cars are financed), this amount goes for following expenses: 1. Down payment to the bank. 2. Bank application processing fee. 3. Traffic registration with RTA. 4. Comprehensive auto insurance. 5. RTA deposits. 6. Salik tag. 7. Employment package for two drivers per car (immigration, MOL, medical test, Emirates ID, health insurance). 8. Limo company start-up processing fee. The minimum number of cars to order is 5, so the minimum capital is AED 437,500. Annual Gross Revenue Before Expenses: AED 1,100,000 One Million One Hundred Thousand (AED 22,000 per car X 5 cars X 10 months). Monthly Net Profit After All Expenses: AED 2,000 to AED 2,500 per car per month except in the month of Ramadan and summer vacations period, which means AED 100,000 to AED 125,000 per year for 5 cars. Your monthly net profit varies depending on the number of cars you request. PLUS an ADDITIONAL AED 2,000 per car per month starting from the 4th year until the end of the 5th year, this's the period after the 3 years bank installments are over (so this extra amount will be AED 2,000 per car X 24 months = AED 48,000 X 5 cars = AED 240,000). PLUS, cars resell value after 5 years: AED 200,000 (AED 40,000 X 5) This is the minimal estimated resell value of these hybrid cars after 5 years, you can either sell the cars by yourself or we can sell them on your behalf. PLUS, refundable deposits: AED 52,500 (AED 10,500 X 5). Total profit for 5 cars after 5 years: AED 992,500 to AED 1,117,500 (On an initial investment of AED 437,500) Annual Net Profit: Net Profit in Year 1: AED 100,000 to AED 125,000 Net Profit in Year 2: AED 100,000 to AED 125,000 Net Profit in Year 3: AED 100,000 to AED 125,000 (Bank liability will be finished after 3 years) Net Profit in Year 4: AED 220,000 to AED 245,000 Net Profit in Year 5: AED 472,500 to AED 497,500 We do the entire management for the business from A to Z including: 1. Ordering luxury cars from a local dealer. 2. Registration of vehicles. 3. Recruitment of drivers. 4. Obtaining all the necessary approvals from RTA for both vehicles and drivers. 5. Obtaining approvals from the banks. 6. Registration with UBER / Careem. 7. Contracting with various 5-star hotels. 8. Providing smartphones with data packages. 9. Handling all the operational procedures to manage, track and run the cars around Dubai & the UAE. 10. Maintenance of cars. 11. Supervising drivers. For more details, feel free to CALL, we will not respond to texts or WA messages. The above is only for serious enquirers, no time wasters please. Thanks



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