Profitable Rideshare Car Rental Business in Santa Monica, CA with $111K SDE
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Financial Details
- Asking Price:
- $1,500,000
- Annual Revenue:
- $615,000
- Cash Flow / SDE:
- $111,000
- Profit Metric:
- Cash Flow (SDE)
- Valuation Multiple:
- 13.5x
- Location:
- Santa Monica, CA, US
- Source:
- Date:
- November 05, 2025
Key Highlights
Strong recurring revenue base serving high-demand Uber/Lyft drivers.
Substantial asset base with 110 vehicles, 80 currently operational.
Immediate scalability potential by deploying 30 idle vehicles and expanding fleet types.
Description
This is a highly profitable, established car rental business specializing in providing flexible, short-term vehicle leases specifically tailored for Uber and Lyft drivers in the high-demand Santa Monica/Los Angeles market. The company boasts a substantial asset base of 110 vehicles, with 80 currently generating steady weekly income. The business model is proven, scalable, and benefits from strong repeat customer loyalty within the rideshare community. Significant upside exists immediately by deploying the 30 available vehicles and expanding into higher-yield vehicle types like SUVs or EVs. Comprehensive training and transition support will be provided by the owner.
Industry Information
- Industry Description:
- This business operates in the transportation sector, specifically focusing on vehicle rental services tailored for gig economy drivers (Uber/Lyft).
- Classification:
- Transportation & Storage
Operational Snapshot
- Year Established:
- 2018
- Employees:
- 3
- Reason for Selling:
- Moving into a different industry
Real Estate & Lease
- Status:
- Leased
Assets & Inventory
- FF&E Value:
- $1,300,000 USD
- Includes FF&E:
- Yes
- Includes Inventory:
- No
Broker Contact
- Name:
- Ellen Alexander
- Phone:
- 213-407-5252
Listing Details
- Listing ID:
- 033186d3-13bd-47e4-b2bb-b3dcc79eeda0
- Source Listing ID:
- 2418041
- Deal Status:
- For Sale
- Last Updated:
- November 05, 2025
- Currency:
- USD
Features & Tags
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Tags & Categories
Car Rental
Rideshare
Fleet Management
Asset Sale
Scalable