Texas Rideshare Rentals

Texas RideShare Rentals (TXRSR) is an emerging leader in the rideshare car rental market completely tailored around rideshare driver needs. This business will leverage the pre-existing framework of an already established business called RideShare Carz which was also built and developed by TXRSR’s ownership team. TXRSR will encompass the most successful attributes of this former company including already established relationships with proven vendors and partners while enhancing operational technologies, processes, and workflows. Based on the experience, guidance, and leadership of Cole Sturdevant and Elizabeth Gonzalez; TXRSR will procure a dominant market share in the four major metropolises of Texas starting with Houston and Dallas in the first 24 months, and further possibilities of expansion spreading to other regions in the U.S.

The product offering is a rental vehicle for use as a work vehicle for drivers on apps such as Uber. Drivers rent the vehicles directly from us, pay us daily or weekly, and are responsible for their own fuel and incidentals. All basic maintenance like tires, brakes, and oil changes are covered by us. This is a way for drivers needing a vehicle to get right to work and support their families, and it's also a budgeting tool for drivers. High mileage-related vehicle maintenance expenses place an economic strain on rideshare drivers who depend on their own personal vehicles to conduct business. Cole's personal experience has uncovered that the appropriate additional budgeting required by drivers to properly maintain their vehicle typically does not happen forcing these drivers to lose their job & income when their vehicle needs repairs. We offer vehicle rentals that specifically tailor to the needs of rideshare drivers. These vehicles will all qualify for use by all platforms including Uber, Lyft, Door Dash, etc., and only require the customer to pay for their own fuel. Our rentals will include: the required insurance, high efficiency and reliability, all basic maintenance expenses, and toll management.

Having already started this business in both Dallas and Houston TX over the last 3 years, Cole has acquired every vendor and partner relationship required. Some examples of what tried and proven business relationships we already have in both cities are: parts suppliers, tire shops, towing companies, insurance connections, marketing company relationships, body shops, oil change facilities, wholesaler relationships, auction access, mechanics, detail shops, etc. We also have experience initializing and operating the best rental software company for this day to day style of rental. Cole has worked with them for years to tailor their system for our daily payment application, and much more. This system incorporates a very detailed and highly capable CRM, inventory management, payment processing on both the website and app, and now has several custom tailored accounting functions designed by Cole, and built by them, for this specific business model.

As for a customer base, we will have the opportunity to directly market to Cole's previous customer lists from his first company, most of which know Cole already. Also, having launched marketing campaigns over the past years to reach the same target market, we have the know-how and the experienced marketing company in place already to achieve success. In fact, these specific marketing campaigns have had people on a waiting list for gas cars in both cities for over a year at Cole's previous company. These factors combined will boost our customer acquisition efficiencies, allowing us to meet or beat our growth goals.

The rental prices range anywhere from $67 to $91 per day depending on the customer's time commitment. We have always rewarded our customers for booking out farther and paying for more days up front than those who choose to pay day to day. With 200 cars, we project a gross revenue during ramp up period for year 1 to total $2.2M, and years 2, 3, and 4 at full capacity to total $5.2M each year totaling $17.9M over 48 months.  Profits for all four years are projected as follows: Yr1 during the ramp up period shows $118k (this includes the return of your investment here with interest at 20%), Yr2 while still in interest only payments on the SBA loan shows $2.2M, while years 3&4 are promising $1.9M in profits. We have a full financial projection including a cash calendar and P&L based on all of the current and historical cash flow statements and P&L data from Cole's previous company Rideshare Carz. We also have a full business plan write-up that details both Cole and Elizabeth's backgrounds, and why we are the perfect team to lead this venture to success. Please call, text, or e-mail us with any further questions or concerns, and thank you for your time and considerations. You may also contact us to set up a meeting virtually, or in person, to further discuss this business opportunity. God Bless.