Established in 2018, the courier company is dedicated to simplifying logistics and moving needs with a comprehensive range of services. Whether a business owner seeking efficient e-commerce deliveries, a local resident in need of hyper-local delivery solutions, or planning a hassle-free move, the company has it covered.
The business has established strong partnerships with multiple five-star hotels, companies, and shops, and has shifted to direct Air Waybill (AWB) creation for faster deliveries. During the COVID-19 pandemic, the company handled 200-300 deliveries daily, peaking at 700 per day. Currently, the business is only breaking even and not making a profit as it transitions to a new operational model. They are shifting from the old model to an advanced one, where parcels are picked up and delivered right away, it's a mixture of Talabat & Noon, covering Dubai, Sharjah, and Ajman, with the capability to expand to Abu Dhabi and other cities. This approach eliminates the need for large warehouses and storage. While working on the new model, they no longer handle bulk deliveries under the old courier model. Instead, they now exclusively serve corporate clients and aim to extend their services to small e-commerce shops.
They have implemented a new system that eliminates the need for warehouses and bookkeepers by automating the process through a mobile application/website. This allows them to deliver directly upon booking the service, with vehicle outsourcing for their deliveries.
BUSINESS DETAILS:
Warehouse Size: 2500sqft
Location: Dubai
Established: Since 2018
Yearly Rent: 75,000 AED
Monthly Revenue: 40,000-50,000 AED
Monthly Expenses: 35,000-40,000 AED
Monthly Profit: Break-even
Number of Staffs: 10
Tenancy Contract: 2025
Fleet & Logistics: Outsourcing
Operational details: exclusively dealing with corporate clients and have discontinued bulk deliveries.
NOTE: would consider a good offer for an exit.
Selling Price: 540,000 AED
