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Well Known Limousine Business For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $598000
Net Profit / Cash Flow $249550
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Personal.
Description This is a well know, established limousine company with an award winning reputation. Sale includes 6 limousines that would require you to transfer ownership to your name and assume remaining balances of auto loans, all supplies, existing reservations, all existing clients, and more. Limousine are kept in a gated facility with a 3 car garage, 2 offices, bathroom, reception area, storage area, and much more. Staff includes 12 qualified drivers, building/ maintenance manager, office manager, and part-time telephone operator that are all willing to stay on with new owner(s). Must have Superior Credit in order to entertain this purchase so that existing loans on limousines can be transferred to new owner, unless you can write a check for somewhere in the $500,000 range. There are currently (4) outstanding loans on 4 of the 6 limousine offered. New owner will need to transfer the loans to their name. Owner is willing to sell the business without the limousines but do not recommend it for the new owner(s), Clients know the limousines, and many reservations have seen and approved the limousines for future dates(Example: someone getting married in May 2011 has already visited, approved the limousine and gave a deposit) Company also has a very successful web site that goes along with the sale as well as yellow page advertising in 3 counties of NJ. Cars valued at $275,000, must assume loan or get new loan. Contact for more information on this limousine business for sale.
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