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Taxi And Limo Company For Sale

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2449820
Net Profit / Cash Flow  $650000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2000
Number of Employees  35 - 49
Inventory  3000
Relocatable  No
Number of Employees  35 - 49
Real Estate  Leased
Training  The seller will remain post closing in order to supply an appropriate transitional period.
Reason for Sale  The owner is retiring after many years of success in this industry.
Description  Super Profitable Taxi & Limo Transportation Company with a substantial net yearly income serving the diverse ground transportation needs of the NJ & NY for many years. Their base is located in the Northern NJ Bergen County, with convenient access to the entire tri-state New York, New Jersey and Connecticut area. The company has twenty five Taxi licenses and approximately forty vehicles. They have a long list of clients, ranging from top Blue Chip corporations to individual travelers, brides and people celebrating special events. Their chauffeurs are knowledgeable and experienced and the vehicles are maintained to the highest standards of the industry and are always impeccably clean. This Limo Company prides itself as members of both the Limousine Association of New Jersey and the National Limousine Association. The sale includes state of the art communication equipment, GPS and software specifically for this transportation industry. Their substantial fleet consists of a large number of late model autos, Lincoln Town Sedans, 6, 8 and 10-passenger stretch limousines, Cadillac Escalade SUV, 12-passenger stretch Lincoln Navigator and a 26-passenger luxury limousine party bus. They understand the importance of on-time transportation and professional black car services. They service all International, Regional and Private New Jersey & New York Airports with dedicated, on-time ground transportation services. We provide prompt, courteous, airport transportation for the all airports and they understand the importance of on-time transportation and professional black car services. Based on the asking price, required down payment and net income this business should supply a 22% return to the owner operator prior to debt service. Owner financing is available to qualified buyers.
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