Taxi app in Eastern Europe for sale

• Revenue: > 2M EUR
• Employees: > 50
• Location of the Taxi app: Eastern Europe
• Reason for sale: The owners want to grow the company in Eastern Europe, therefore are looking to talk to interested investors
• #CFIE ITS428

The company for sale has a taxi app and manages a fleet of cars operating as taxi vehicles. The owners are interested to develop the business in terms of numbers and profitability, to have 4000 cars in short rental in next years and to increase the market share in the automotive dealership. The plans are to open new packages for dealership in short time and for this the management has clear and almost finished discussions with major car brands such as VW, Audi, Skoda, Opel, Seat, Porsche, Ford, etc. The shareholders are open for all types of collaboration and investment possibilities. Could it be a minority or majority stake involved, that depends on the financial figures and the company’s expectations in terms of strategy, resources and motivation. The capital can be involved in any form, what is really very important are the potential opportunities that can arise from the deal.

The company for sale registers more than 2M Euro revenue and employs more than 50 people. It registers 30% growth each year. The company Is already operating in multiple cities and plans to expand to three more cities in the next 3-6 months. In addition, by mid-2020 the goal is to start the international expansion because the owners see the great potential that the company’s services could have on international markets. With new cars capabilities and coverage, the management is planning to develop the app so that it becomes a regional representative with huge scalability. The app is already ranked number three, after the international multi-billion players Uber and Bolt. The company is doing very well in terms of profitability, being very important to mention here that it does not have yet a financial partner behind. In this light, with the help of a strong partner it could maximize its profits and reach new market share.

The business model of this company is based on the mix of friendly user experience apps with professionally trained drivers that are trained and certified for driving cab vehicles. Using the apps package, the client can customize the journey based on his preference. The apps help clients to reserve a personal cab/driver that will ensure a comfortable and safe travel experience. The cabs are suited for various types of clients and rides: corporate executives, groups of people, kids, transportation and mailing of important documents.

The technology behind the app and the services provided enables multiple ways to request a ride (phone, SMS, WhatsApp, e-mail, web app, mobile app). The solution uses a highly-optimized machine learning algorithm to match the customers’ requests with the available drivers. The app is operated on Android, iOS and on the web. The complex reporting infrastructure ensures the necessary data reporting and analysis. The team offers support and service and a dedicated customer support department makes sure customers and drivers receive support for any request. The company has also a specialized department that takes care of the professional development and training of the chauffeurs so that the services keep their high quality. The mail-cab service ensures the delivery service of important documents and guarantees the confidentiality, security and safety of shipments.

The company developed an app that helps customers in the following activities:

• Taxi Reservation
• Cab Advertising
• Outsourcing Driver
• Drive Me Home
• Drivers Recruitment
• Driver Lease
• Mail Cab
• Kids Personal Cab Reservation

• The company is active in providing taxi apps and services
• The company registers high annual rate of growth
• The company has big plans for expansion
• The owners are looking to talk with potential investors that are interested to grow the business to reach international level