Singapore Overview
Financial Performance
Revenue
S$100K - 200K
Gross Profit
S$50K - 100K
Net Profit
S$50K - 100K
Monthly Rentalt
S$2,700
Business Operations & Assets
Staff
3 Employee
Year of Incorporation
2022
Owner Role
Full Time
Premise Status
Rent
Premise Type
Office Building
Rental Deposit
S$2,700
Price Included
Premises Details
The business is currently operating without a long-term premises commitment, providing the new owner with the flexibility to relocate the business to a preferred location or continue operations from a new premises. The business is not dependent on its current location, as bookings are primarily generated through online channels and the proprietary mobile app.
Business Details
Reason For Sale
Migrate overseas
Description
Established Singapore car rental business with a fleet of 55 vehicles and over 2,800 registered customers. The business has built a strong reputation with recurring income from long-term leasing, short-term rentals, PHV rentals, and van rentals. It operates through its own proprietary mobile app featuring online booking, dynamic pricing, customer rewards, and fleet management.
The company has significant growth potential through expansion into Malaysia, GPS tracking services, and a marketplace model allowing other rental companies to list their fleets on the platform. All operational systems, branding, website, and customer database are included, providing a turnkey opportunity for an investor or buyer to take over and continue expanding the business.
The owner is seeking a sale due to plans to migrate overseas. Full support and handover will be provided to ensure a smooth transition.
The company has significant growth potential through expansion into Malaysia, GPS tracking services, and a marketplace model allowing other rental companies to list their fleets on the platform. All operational systems, branding, website, and customer database are included, providing a turnkey opportunity for an investor or buyer to take over and continue expanding the business.
The owner is seeking a sale due to plans to migrate overseas. Full support and handover will be provided to ensure a smooth transition.
Facilities
Fleet of approximately 55 well-maintained vehicles, including passenger cars, MPVs, vans, and commercial vehicles.
Fully operational office with furniture, computers, printers, and office equipment.
GPS tracking devices installed on the fleet.
Proprietary mobile app for online bookings and fleet management (Android & iOS).
Company website, booking system, customer database (2,800+ registered customers), and business branding.
Established operating procedures, rental agreements, and business processes.
Existing supplier and workshop relationships to support day-to-day operations.
Fully operational office with furniture, computers, printers, and office equipment.
GPS tracking devices installed on the fleet.
Proprietary mobile app for online bookings and fleet management (Android & iOS).
Company website, booking system, customer database (2,800+ registered customers), and business branding.
Established operating procedures, rental agreements, and business processes.
Existing supplier and workshop relationships to support day-to-day operations.
Competition
The Singapore car rental industry is competitive, with both traditional rental companies and online platforms. However, the business differentiates itself through its proprietary mobile app, dynamic pricing, competitive rates, excellent customer service, and a loyal customer base of over 2,800 registered users. Future growth opportunities include expanding fleet partnerships, GPS tracking services, and the upcoming marketplace platform, which will strengthen the company's competitive position.
Expansion Potential
The business has significant expansion potential through fleet growth, strategic partnerships, and technology. The proprietary mobile app can be developed into a marketplace platform where other rental companies list their vehicles, generating commission-based revenue with minimal additional overhead. The business can also expand into GPS tracking services, fleet management solutions, and cross-border operations in Johor Bahru, Malaysia. Additional opportunities include corporate fleet leasing, subscription-based rentals, PHV leasing, commercial vehicle rental, and franchising. With Singapore's continued transport demand and the upcoming RTS Link to Johor Bahru, the business is well positioned for long-term growth.
Buyer Support & Terms
Support and Training
Comprehensive handover and training will be provided to ensure a smooth transition. This includes training on daily operations, fleet management, customer service, the proprietary booking app, website administration, pricing strategy, supplier relationships, and business processes. Ongoing support will be available for up to 3 months after completion, subject to mutual agreement.
Background & Skills
NO
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