<p><b>Startup description</b></p><p>My startup is an online marketplace that allows individuals to browse, book and have delivered scooters, motorcycles and cars across the island of Bali, Indonesia. The solution consists of a native iOS and Android app that facilitates the entire rental and payment process for consumers and also acts as a complete booking management system for rental companies.</p><p><b>Traction to date</b></p><p>Since launching in June 2023, my app has grown to become one of the largest motorcycle rental apps in Southeast Asia. Key numbers:</p><p>● Vehicles currently listed: 1,600</p><p>● Registered users: 1,700</p><p>● Registers rental companies: 500</p><p>● Total transaction volume: $35,000</p><p>Alongside Bali, the app also includes all features necessary to cater to the Thai market such as THB currency payments.</p><p><b>Business model</b></p><p>The platform takes 15% commission from all bookings it facilitates. This percentage is seen as fair by nearly all rental companies and there has been minimal push back. There is additionalopportunity to experiment with subscriptions payments from the rental businesses that use the app software to manage their operations.</p><p><b>Opportunity</b></p><p>The mobile app has been proven as a valuable proposition, both for consumers, to improve the rental experience and also for rental companies to help them attract more customers and improve the efficiency of their operations.</p><p>There is a significant opportunity for a buyer to take this business on and scale it to the next level, either as a stand-alone proposition or as part of another business.</p><p>The global motorcycle rental market size currently stands at $11B with a compound annual growth rate of 4.9% meaning it is forecast to reach $16B by 2032*. With Southeast Asia being the epicenter of this growth, my app is poised to take advantage of it.</p><p><b>Company Structure</b></p><p>XXX, Inc. is incorporated in the USA as a Delaware C-Corporation, the gold standard company structure for technology startups. The company is set up with a Mercury bank account, the current leading banking solution for US tech startups and a virtual mailbox system with a PO box in Delaware.</p><p><b>Tech Stack:</b></p><p>The app uses the most modern tech stack, designed to ensure a system that is highly scalable across many more users and countries but also requires minimal effort to maintain. Key elements of this stack are as follows:</p><p>● Frontend: React Native</p><p>● Backend: Firebase</p><p>● Deployment: Expo</p><p>● Payment Processing: Stripe</p><p>● Product Analytics: MixPanel</p><p>● Admin Dashboard: Retool</p><p>● Whatsapp Automations: Wati</p><p>● Push Notifications: Native Notify</p><p>● Web Page: React JS</p><p><b>Deal Structure</b></p><p>The deal can be structured either as a stock sale, where you would be buying the XXX, Inc. company, or as an asset sale, where you would be acquiring the assets owned by the XXX, Inc. company.</p><p>A stock sale is optimal if you want to continue running XXX as a stand alone company.</p><p>An asset sale is optimal if you want to absorb the app into your existing company.</p><p><b>Package</b></p><p>The package would include:</p><p>● All IP and assets related to the product</p><p>● All IP and assets related to an additional R&amp;D project the team launched, which is an online marketplace for selling second hand goods in London, UK with last mile delivery. The app is live and working on iOS however has not received any traction yet.</p><p>● Support for 1 month post-acquisition to help the buyer understand the business, tech and ensure a smooth transition</p></br>✅ $3,000 in Annual Revenue✅ 200 users✅ Business model: Commission✅ Built with Stripe, Expo, React Native