UBER / Careem Limo Business (27% ROI)
UBER / Careem Limo Business (27% ROI)
UBER / Careem Limo Business (27% ROI)
UBER / Careem Limo Business (27% ROI)
  • October 17, 2022 4:24 pm
  • Dubai
  • Sell
New
د.إ487,500

*UBER / Careem limo transportation business.
*One of the most promising businesses post the pandemi

Overview

  • Category: Licences, Titles & Tenders
  • Condition: Used

Features:

  • *UBER / Careem limo transportation business.
  • *One of the most promising businesses post the pandemic.
  • *High ROI of 22% to 27%.
  • *Solid & stable revenue.
  • *Low business risk.
  • *Secured capital.
  • 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-300H, 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 97,500 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. Remote Monitoring System (RMS).
  • 8. Employment package for two drivers per car (immigration, MOL, medical test, Emirates ID, health insurance).
  • 9. Limo company start-up processing fee.
  • The minimum number of cars to order is 5, so the minimum capital is AED 487,500.
  • 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 2 years = AED 48,000 X 5 cars = AED 240,000).
  • PLUS, cars resell value after 5 years:
  • AED 225,000 (AED 45,000 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 1,017,500 to AED 1,142,500
  • (On an initial investment of AED 462,500)
  • 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 finish after 3 years)
  • Net Profit in Year 4: AED 220,000 to AED 245,000
  • Net Profit in Year 5: AED 497,500 to AED 522,500
  • 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 contact us. The above is only for serious enquirers, no time wasters please.
  • Thanks

Location

Business Bay, Dubai, UAE ,Dubai

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