MergerPlace

Limousine Company for Sale

Texas


  • Asking Price: $399,000
  • Gross Income: $390,031
  • Cash Flow: $130,534
  • Real Estate: Not Disclosed
  • Inventory: $307,000
  • FF&E: $7,800
  • Listing ID: #214869
  • Established: 2014
  • Employees: 1 FT/ 18 PT

Business Description

Business was started by the owner as a means of earning extra income while attending college. In January of 2018 he purchased the 3rd limo company expanding the business to operating 12 cars currently. The fleet is well equipped to meet client needs for limo transportation with its wide range of different size and styles of vehicles.

This company caters to local executives and those traveling to and from the airport. Hotel guests booking reservations for corporate business meetings, conferences, company parties, premiers, award events, dinner outings, sporting events, proms, weddings, birthdays, bachelor/bachelorette parties, formal events, funeral services and non-emergency medical transportation are just a few of the trips this company is hired for. Some Business, Corporate, & Executive contracts are in place.


Business Details

Primary Business Category: Transportation and Warehousing
Location: Texas

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/ 18 PT

Financial Information

Asking Price: $399,000
Gross Revenue: $390,031
Cash Flow: $130,534
FF&E: $7,800
Inventory: $307,000
Seller Financing Available: No

Property Information

Facilities:

Currently leasing 5,000 sq ft of warehouse space.

Growth & expansion opportunities:

More marketing and purchase of additional vehicles. Possible buyout of the last standing limo company in the area would increase business.

Competition:

One other Limo company.

Reason for selling:

The owner would like to focus 100% on another business he owns to expand and grow it in a similar manner as the Limo business.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

David Powell

Murphy Business Brokers