MergerPlace

Premier Executive Limousine Service

California


  • Asking Price: $1,750,000
  • Gross Income: $1,703,918
  • Cash Flow: $335,115
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $130,026
  • Listing ID: #199026
  • Established: 1991
  • Employees: 6 FT/6 PT

Business Description

This company has been a successful executive car-set business for over 26 years servicing clients, many of whom include corporate executives, entertainment professionals and government officials. Lender pre-qualified.


Business Details

Primary Business Category: Transportation and Warehousing
Location: California

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT/6 PT

Financial Information

Asking Price: $1,750,000
Gross Revenue: $1,703,918
Cash Flow: $335,115
FF&E: $130,026
Seller Financing Available: No

Property Information

Facilities:

The company's main office is located in a commercial business complex located near a major California Airport transportation hub.

Growth & expansion opportunities:

An increase in advertising and marketing expenses would help grow the business as well as more participation in the industry trade associations. Adding outside sales services and developing incentive programs for employees would improve sales and increase revenues.

Competition:

There are over 12,000 companies in the limousine transportation industry that transport approximately 400,000,000 passengers annually for a variety of purposes including airport transfers, business and corporate travel, weddings and social outings.

Reason for selling:

The owner wants to retire.

Support & Training:

Will train for 4 weeks @ no cost. Curbside and baggage claim pick-up services are offered at airport and train transportation hubs, while private aviation tarmac service pickup services are provided for discreet clients. This company also excels at providing complete Roadshow services for corporate and entertainment events and can provide escort services for clients with special needs or are minors, when needed.

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Business Listed By:

Steve Pereira

Murphy Business Brokers