Owner Migrating
Key Highlights
Singapore-based car rental and leasing operator with a stated fleet of approximately 55 vehicles across passenger cars, MPVs, vans, and commercial vehicles. The business reports 2,800+ registered customers and operates across long-term leasing, short-term rentals, PHV rentals, and van rentals. Operations are supported by a proprietary mobile app (Android and iOS) with online booking, dynamic pricing, customer rewards, and fleet management features. Facilities and operating assets listed include an office setup, established operating procedures and rental agreements, and existing supplier and workshop relationships. The fleet is stated to have GPS tracking devices installed.
What Makes This Business Unique
The operating model is built around a proprietary booking and fleet-management app rather than relying solely on walk-in or third-party platforms. The business combines consumer rentals, PHV leasing, and van/commercial rentals under one set of processes and systems, supported by a customer database of 2,800+ registered users. The asset package described includes the app, website and booking system, branding, and documented procedures, alongside an in-place fleet with GPS devices.
Operations
Revenue is generated through a mix of long-term leasing and short-term rentals, including PHV rentals and van/commercial vehicle rentals. Day-to-day delivery is supported by a proprietary mobile app (Android and iOS) and a website booking system, with dynamic pricing and fleet management features. The operating setup described includes an office with equipment, established rental agreements and procedures, and ongoing supplier and workshop relationships for vehicle upkeep.
Customers & Market
The business reports 2,800+ registered customers using its booking platform. Customer use cases implied by the service mix include individual short-term renters, longer-term lessees, PHV drivers, and customers needing vans or commercial vehicles. The business positions itself in a competitive Singapore car rental market that includes traditional rental companies and online platforms.
Why This Business
A buyer acquires an operating fleet and the supporting infrastructure in one package, including GPS devices, office setup, and established supplier and workshop relationships. The proprietary app and booking system provide an existing technology layer for online bookings, dynamic pricing, and fleet management that would take time and cost to build and stabilise. The customer database of 2,800+ registered users and existing operating procedures provide a starting point for continuity of operations without building processes from scratch.
| Year | Revenue (SGD) | Earnings (SDE) | Net Margin |
|---|---|---|---|
| 2025 | SGD 2.3M | SGD 100K | 4.4% |
| 2024 | SGD 2.7M | SGD 110K | 4.1% |
| 2023 | SGD 1.3M | SGD 90K | 6.9% |
Vehicles: S$3,000,000
Trademarks & Branding: S$10000
N/A
DATA DISCLOSURE
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