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