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Small Busy Limo Service, Jewel Of Long Island
Location New York,United States
Asking Price Range < $250K
Gross Revenues $350000
Net Profit / Cash Flow $140000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1982
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Owned
Training Owner will stay on for 6 months if needed. He will turn over entire book of clients and will make the turn-over process as painless as possible. The drivers will stay on board.
Reason for Sale Retireing and bought a house in Tampa, Just wants to fish.
Description Company has 5 cars in total, 4 are paid in full and included in price. Has great accounts, small but steady, more monday-friday work than normal. Has kept excellent records of all transactions. Has only done 1/4 of the marketing he should be doing and it really has great potential for growth. Makes money now, if you want to buy and leave as is, you will still make money if no changes to the business are made. For the right guy, if you merge this company with your company it will pay the bills and relieve pressure off your other business. The drivers will stay on board but it could use an injection of new blood. Everyone likes the owner Phil very much but is a one-trick Pony and you can't teach an old dog new tricks. He is ready to retire and the business could use some fresh blood. Email or call Jon Henry Quinones at 718-407-9676.
Asking Price: $140,000.
Facilities: (Home Based): Currently parks the cars on-site in a very large front yard. Cars are in good condition but one or more needs to be updated. He currently owns 2 Sedans, 1 Limo-Van, 1 Black 2001 10 pax limo and recently added a 2008 White Chrysler 300 (a real show car). All Vehicles are included in price except for the Chrysler 300. The other cars have no notes and are included in the sale.
Market Outlook and Competition: Competition: 22 year in business, unusual but has Loyal clients for the same amount of time. Merv Griffen was a loyal customer for years before his death. Has some T.V. soap opera clientele. Growth and Expansion: It is recession proof, all clientele are very wealthy and have been loyal customers for years. Currently is not par-taking in any aggressive marketing ... has no sales team in place and is not going after weddings and OT's. Very little advertising is set in place. Room for growth if you became affiliated with Airlines, local Catering halls and Networked with other Limo.
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