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Limo Company
Location New York,United States
Asking Price Range < $250K
Gross Revenues $700000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1965
Number of Employees 10 - 19
Inventory 120000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will remain post closing for 30 days to supply an appropriate transitional period.
Reason for Sale The sale is due to owner retirement after many years of success in this industry.
Description Forty Five year old and highly successfully Limo Transportation Company with a consistent cash flow and wonderful reputation. This company has various licenses with the New York Taxi and Limo Commission which is now extremely difficult to obtain. The business has a weekly gross income of $14,000 and a solid net income to the owner operator. The sale includes a fully equipped office facility with long standing commercial telephone numbers. The sale also includes a two way radio systems, vehicles, GPS systems, POS, all required equipment and an experienced staff of dispatchers and drivers. The present owner is out of state and cannot continue to maintain the business. They have a long list of clients, ranging from top Blue Chip corporations to individual travelers, brides and people celebrating special events. They provide prompt, their clients with courteous, airport transportation for the all airports and they understand the importance of on-time transportation and professional black car services. This is an honest irreplaceable business opportunity priced to sell net income this business should supply a 32% return to the owner operator prior to debt service. The facility consists of a 1,200 square feet in a commercial setting with various offices used for dispatches and other office. This business is located in New York and covers all the boroughs throughout the general area. The business has a convenient location to service a large population who require this transportation service.
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