Ride-hailing company in Toronto for sale

Overview of this taxi company for sale

• Growing 2-year-old taxi company for sale in Toronto is looking for funds. It provides ridesharing, loyalty program, proprietary payment processing, and targeted coupon delivery.
• Prices for customers are over 5X less than competitors such as Uber and Lyft.
• 75% of revenue is derived from repeat business.
• Organic driver hiring with a waiting list of 300+ drivers.
• Only for2 months, this taxi company for sale captured 0,3% of the Toronto market.
• Fleet includes hybrid or fully electric vehicles.
• Driver commission is approx. half the competitions.
• The rates remain the same despite the market conditions.
• The company works with FT drivers with at least 1-year of experience. Each driver is inspected and road-tested in person to ensure quality.
• The company has developed a mobile application that is on Google Play Store and Apple Store. It has 500 installs and 4,5 ratings on Play Store.
• App, software, and payment processing technology are created by the company.
• This business for sale charges a percentage fee from drivers and a flat rate from riders.
• It benefits from experienced and dedicated employees delivering reputable services across Toronto.
• Currently, all operations are run remotely and the office will be established once the pandemic has cooled.