Taxi Franchise Opportunity
MTR Ride 7.5 /10
2020 Estd
·
1
Franchisee
· Vadodara HQ
All Formats
| Format | Investment including Brand Fee | Brand Fee | Space | Staff | Exp. Monthly Sales | Profit Margin | Royalty |
|---|---|---|---|---|---|---|---|
| MTR Rides Franchise | USD 29.5 - 35.4 thousand | USD 14.2 thousand | 200 - 300 Sq Ft | 4 | USD 5.9 thousand | 20% | The royalty charge will be based on the performance of the franchisee. |
| Format Name | MTR Rides Franchise |
|---|---|
| Investment | USD 29.5 - 35.4 thousand |
| Brand Fee | USD 14.2 thousand |
| Space | 200 - 300 Sq Ft |
| Staff | 4 |
| Expected Monthly Sales | USD 5.9 thousand |
| Profit Margin | 20% |
| Royalty / Commission | The royalty charge will be based on the performance of the franchisee. |
About MTR Ride
MTR Ride is a mobile app developed by Mahalaxmi Transport Ride. We are cab ride aggregators. Have developed an app for users to book cab or auto rides.We are the fasting growing company in Gujarat with 10k+ users and 5k+ drivers registered with us. Day by day we are also expanding our business and we are also featured in the news and local newspapers.
Revenue generation is done by charging a 5% commission on the total earnings of the drivers and charging an INR 500 monthly subscription to drivers.
On average we get 10-15 thousand bookings daily.
We are also planning to launch our food delivery app under our business name. The applications are completed and will be presented in the market soon under the name of Etos.
Products and Services
1. We are providing daily transportation with the best hassle-free price to the user's doorstep.2. We allow users to book cab auto as per their needs.
3. We are cheaper and offer the lowest price in the market guaranteed.
Preferred Locations
India.
How to get MTR Ride Franchise?
Connect with us on SMERGERS and we will guide you through the process.
What are some of the things we look for in a Franchisee?
The franchise partner will need to have experience in running a business, do marketing and branding of the brand, hire staff and open an office.
Support you can expect from the company
We will provide the partner with the panel, dashboard, training and marketing ideas.
Recent Activity
-
Earlier than 15 daysSole Proprietor, Real Estate, Raipur, Corporate Investor / Buyer connected with the Business
Profile Stats
- 800+ Page Views
- 300+ Investor Views
Tags:
Taxi franchise in India
·Phone App franchise in India
·Limousine franchise in India
·Limo Service franchise in India
·Mobile App franchise in India
·Cab franchise in India
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact MTR Ride
One Time Registration
1 Investor already contacted this Franchise.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 116,500+ other businesses of all sizes.
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.
You might also be interested in these
opportunities
Frequently
Asked
Questions
Asked
Questions
-
When was MTR Ride established?MTR Ride was established in 2020 in Vadodara and is reported to have 1 Franchisee currently
-
What is the investment required to take up MTR Ride Franchisee?Investment required ranges from INR 25 lakh - 30 lakh depending on the format offered.
-
What is the space requirement for taking up MTR Ride Franchisee?Space required ranges from 200 - 300 sq ft depending on the format.
-
What Franchisee formats does MTR Ride offer?MTR Ride offers 1 format, i.e MTR Rides Franchise.
-
How to get MTR Ride Franchisee?Connect with us on SMERGERS and we will guide you through the process.