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Ohio Business For Sale |
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| TAXI CAB COMPANY IN MAJOR MIDWEST CITY W REAL EST |
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| Attn: Elias Ladon |
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| Significant Mid-West Metro Area, OH, USA |
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| Asking Price: |
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$1375000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Travel, Transportation |
| Reason for Selling: |
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Owners are focusing their business
activities else |
| Year Established: |
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1986 |
| # of Employees: |
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6 full time |
| Yearly Revenues: |
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$2535683 |
| Yearly Cash Flow: |
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$509917 |
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Business for Sale Overview:
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This is an established Taxi company who has been around for about 20
years. The company owns a fleet of about 69 vehicles and 50% of them
were replaced with slightly used vehicles in early March of 2006. The
company is basically engaged in the leasing of taxicabs to taxi drivers
and maintenance of taxicabs. Last year generated revenues of $2.7
million. The company is housed in its own special use property
designed for taxi usage. The company is absentee owned and has a
General Manager and a staff of 6 people (including dispatchers,
adjusters, etc.)The company's facilities have several bays for the
service and repair of its fleet. Virtually all maintenance and repairs of
its vehicles are done in-house by sub-contracted mechanics. The
company is one of the leading suppliers of taxicab services in its metro
area. Like most current taxicab services, they use drives as
independent contractors. Contract fares account for 36% of its business
and are renewed approximately every one to 3 years. The potential
exists for more contract fares. However, due to the fact this is an
absentee owned business, this growth potential has not been properly
exploited by the company. The company has the ability to get up to
about 100 additional taxicab licenses. This represents a nice potential
for growth given the fact that in this market there is a significant
barrier to entry for new companies. That is, new entrants in the
business have to have a minimum of 25-car fleets. ASKING PRICE:
Business: $ 1,375,000 Including Real Estate
priced at around $300,000).
NOTE 1: Prospective purchasers of this business wishing to receive on
the business must sign a confidentiality agreement (a copy of which
must be submitted to the seller in advance) to be approved by Seller in
Advance. All prospective purchasers must demonstrate financial ability,
in Seller?s discretion, to purchase the business in advance of receiving
any confidential materials. NOTE2: Listing Broker is willing to co-
broker with other Business Brokers who will be required to source
Buyers' Fees. NOTE 3: Listing Broker is currently reviewing the
information of this ad with the Seller. Listing broker reserves the right
to change presented information without advanced notice.
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Property Features and Assets:
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The company is housed in its own special use property.The asking price is
for the real estate is $300,000 (which is below its appraised value.) This
price is included in the asking price.
It is worth noting that the real estate will be brokered by RE/MAX
Traditions of Ohio. |
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Market Competition and Expansion:
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The taxicab business is a large business generating about $12 billion with
about 3,100 taxi service establishments and employing about 30,000
workers. The use of more technology in the recent years (computerized
dispatching, satellite positioning of cabs, more efficient cars) have helped
taxicab companies improve their efficiencies. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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