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GPS Devices Company for Sale in Damascus, Syria

GPS tracking solutions provider tied-up with 100+ companies and connected with 3,500+ cars.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 400 thousand
Run Rate Sales USD 360 thousand
EBITDA Margin 25 %
Industries GPS Devices
Locations  Damascus + 2 more
Local Time 6:49 AM Asia / Beirut
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 600 thousand (Native Currency: USD 600,000)
Reason: Due to the economic breakdown in Lebanon, we can’t sustain the business anymore. Owner has a high va... View More
Includes physical assets worth USD 200 thousand
Interested to connect with advisors
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Business Name
Not disclosed
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Business Overview

- Offer GPS tracking solutions to our customers. We have adopted a B2B model for our business. Our solutions are satellite enabled.

- Some features of our software include: a reporting rate between 15 seconds to 24 hours delay in real-time tracking, a geo-fencing module with automatic block when a vehicle enters or exits a geo-fence + events generation and reporting, multiple accounts and users support, RFID/iButton automatic driver recognition and authentication, emergency assistance functionality with the use of a panic button, fuel monitoring and saving, web API for M2M/ERP integration, emergency crash notification and monitoring of the driver’s behaviour.

- The business is headquartered in Beirut. We have a branch in Syria with over 2 sales persons and were planning to launch our services in Dubai. We have completed business registration in all the 3 countries.

- Our software is not only a vehicle tracking solution but we also offer customized modules based on user requirements. In context to that, we have modules that enable garbage disposal. Monitoring, bus routing and scheduling, food & medical temperature monitoring, and cement monitoring.

- We offer our services to over 100+ companies and are connected to 3,500+ cars. We have also engaged in some government contracts. The business charges anywhere between USD 10 – USD 15 per car to our client. We also have a native app on the Google Play Store and iOS Store for support.

- Run rate sales have fallen due to the ongoing pandemic.

- We also have taken some servers on lease from Germany.

- Our business has engaged in paid marketing through Google Ads. We also have a working website and an active Facebook page where we post regular updates about the business. We have an offline sales team comprising of 3 members.

Products & Services Overview

We offer customized GPS tracking solutions to our clientele. Our software incorporates a large variety of modules and is extremely flexible.

Assets Overview

Around 800 leased physical devices are installed currently into our fleet of 3500~4000 vehicles and complete tracking software for USD 200 thousand.

Facilities Overview

We have a registered office in Lebanon with an area of 280 meters square. Pay a monthly rent of USD 2,000 on the property. The property is owned by the partner.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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