Kakinada Startup: Car Rentals & Tours Packages Raising Funds
Product / Service
They offer a comprehensive range of transportation solutions, including cab, bus, and mini van rentals. Additionally, they specialize in crafting group tour packages, with a particular emphasis on exploring the charming small villages of Andhra Pradesh.
Clientele type
Their clientele are travelers, who are looking for transportation solution or tour packages.
Premises
LEASED
Lease per month (in INR): 7.00 K
Security Deposit (in INR): 21.00 K
Carpet Area: 100 sq ft
The premise is located in a large coastal city in the state of Andhra Pradesh, India. which is 50 km east of Rajahmundry.
Asking Price Includes
They are offering a 30% partnership in the business.
Reason
They want to develop a website and an application for online bookings and to advertise the business locally, thus they are seeking funds.
Other Details
They started their business in June 2023 and projecting a turnover of 10 Lakhs by the end of this year. The promoter has infused a capital of around 6 lakhs in the business, in setting up office and taking cars on contracts. They have 2 employees, One does the admin work and the other one drives the car. The promoter has been working in this field for the last 6 years.
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?