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Huge growth opportunity, Uber/Lyft rental business, multiple locations

Mesa, AZ
listing image
Asking Price:$8,000,000
Inventory:$1,111,955
FF&E:$5,000
Gross Revenue:$2,717,480
Rent:$15,878/Month
Established Year:2023
Listing ID: 2242119Listing provided by BizBuySell
BUSINESS DESCRIPTION

Located in Utah and Arizona

Millennium Auto Share LLC stands at the forefront of the transportation industry, specializing in rideshare rentals with a footprint in Arizona and Utah. Founded on the principles of efficiency and innovation, the company has strategically positioned itself ahead of competitors through a combination of proprietary software, cost-effective fleet management, and unwavering customer loyalty.
The Company provides auto leasing programs available on an unlimited and limited mileage basis. The primary customer group of the Company is ridesharing drivers for apps such as Uber and Lyft. Such contracts are on an unlimited mileage lease and are listed at $259/week. The Company also provides a standard lease which allows the driver 400 miles weekly at a rate of $189/week.

ATTACHED DOCUMENTS
Millenium Auto Share - Business Valuation Report.pdf.pdf Download
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
31/12/2025
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leased 3500 square foot building on 1.25 acre lost on freeway frontage road in Draper Utah. Lease terms $11,000 a month 2 year term. 1500 square foot building on 3/4 acre on Broadway Road in Mesa Arizona. Lease terms $4,878 a month 1 year term. Over 350 vehicle fleet included with purchase.
Competition
The market conditions are very favorable. In Utah competition is very low and demand is high. In Arizona competition is medium and demand is high.
Growth & Expansion
Opportunities for growth are tremendous. Growth opportunities in Utah and Arizona are very favorable. Also, opportunities for expansion into new markets is also very favorable.
Support & Training
1 year of consulting.
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Travis Ward
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Travis Ward
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