Turo Car Sharing - New Market

Location,City : United States / Buffalo

Max Target : $ 350,000

Equity on offer : 25 %

Min Target : $ 100,000

Equity on offer : 25 %

Industry :
Transportation

Investment Round :
Pre-seed

Stage :
Generating sales

Website : Visit

Summary

I Operate Under A Car Sharing/Car Rental Company Called TURO. I am a TURO Host in a brand new market. I currently have three financed cars on the market, all making their monthly payment within five days of the month. The current vehicles I have would include:

2020 Mercedes-Benz C300 - $169/day

2019 Mercedes-Benz C300 - $154/Day

2018 Chevy Cruze- $79/Day

Pitch Video

The Business

TURO works by connecting local vehicle owners with people who are looking to rent a car in their area. The company earns money by taking 15-40% of the total price of the rental depending on what coverage plan the vehicle owner purchases when they become a host.

The Market

TURO has been very successful providing me with traffic and demand. This company has released in services in the New York region for local residence to thrive and pursue their entrepreneur endeavors. With the new market comes new opportunity and very little saturation.

Objective/Future (Use of funds)

Purchase vehicles to rent out to our customers.

Purchase vehicles to rent out to our customers.

The Team

Michael Jabrhamdan - Owner/Operator

Exit Strategy

Make an offer