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Limousine / Car Service Business
Location Ohio,United States
Asking Price Range $500K - $1.0M
Gross Revenues $600000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1988
Number of Employees 10 - 19
Inventory 500000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Yes
Reason for Sale Retirement
Description Central Ohio limousine and corporate car service for sale. Business was established over 25 years ago and has a very high percentage of corporate and repeat business. This business has established an excellent reputation and goodwill over the past 25 years based on top quality service. Very little advertising and marketing is done presently to generate new business, as the amount of repeat business sustains the sales. This also presents a strong growth potential in the business with a renewed marketing and sales campaign for a new owner.
Current owner is looking to retire, but is willing to train and transition with a new owner for a smooth transition in the business to maintain the excellent reputation and quality service and ongoing business. Business currently has 14 well maintained, newer vehicles with a current market value of $475,000. This is a very organized and well managed business with very detailed records. Owner works part time in the business with a variable schedule.
This is a turnkey business which would be ideal for a corporate executive who is looking for a long established, quality business with excellent current cash flow that they could grow and build into a larger business. This is a high margin, high cash flow business with no inventory, no receivables, and low number of long term, qualified drivers to manage. Businesses like this do not often come available for sale. $600,000 Sales, $200,000 Cash Flow, $799,000 Price.
Please reply to Greg Hedgebeth, VR Business Brokers,
Click Here To Contact Seller
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