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Newly Established Vehicle Rental Company for Sale in Paphos, Cyprus

Purchase a fast-growing car rental business with 10 cars and EUR 6,500 of monthly turnover.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Public Limited Company
Reported Sales Nil
Run Rate Sales USD 80 thousand
EBITDA Margin 20 - 30 %
Industries Vehicle Rental
Locations  Paphos
Local Time 11:52 AM Europe / Riga
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 140 thousand (Native Currency: EUR 135,000)
Reason: The owner did not get residency in Cyprus.
Includes physical assets worth USD 120 thousand
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Business Name
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Business Overview

Buyer gets:

- 10 cars already bought.

- Newly repaired office with furniture and a second floor.

- Fully automated GPS trackers.

- Self-made made website.

- Advertising brochures, business cards, and QR code stickers on the website.

- Facebook and an Instagram account.

- Legal entity.

The business started less than a month ago, and we have made about EUR 6,500 since then. The only reason for us to sell is that the owner did not get a residency in Cyprus. The owner is from Latvia and can be contacted directly on their Latvian number.

Products & Services Overview

Car rental, transfer to the airport, partnership with a boat.

Assets Overview

Tangible assets:

- 10 cars worth EUR 78,000.

- Newly repaired office with furniture and a second floor available for rent.

- Fully automated GPS trackers.

The above 2 mentioned assets are worth almost EUR 37,000.

Intangible assets:

- Self-made website.

- Advertising brochures, business cards, and QR code stickers on the website.

- Facebook and an Instagram account.

- Account for the spot at google maps.

Facilities Overview

We rent an office with a total of 68 square meters in the southern part of Paphos in Cyprus. We pay EUR 450/month.

Capitalization Overview

The business has 2 workers and 1 owner. There are no debts or loans whatsoever. The business was made using the owners money.

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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