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Asking Price:	$85,000 USD USA Dollars
Business for Sale Industry:	Services: Travel, Transportation
Reason for Selling:	Sellers have another business. Does not have time to run both.
Year Established:	2007
Yearly Revenues:	$31,200
Yearly Cash Flow:	$26,800

Business for Sale Overview:

This taxi service company specializes in personal transportation with 100% of it’s sales derived from this service. Services are priced by the county Public Transportation Commission through meters that are set with specific rates. There are no employees. The 2 drivers are independent contractors and are paid by cash from the client daily. Since the drivers are independent contractors they are given no benefits of any kind. Each driver pays the company $300 per week. Currently each of the 2 drivers keeps the vehicles 24 hours a day. A new owner can split up the shifts to 12 hour shifts and hire 2 more drivers. Therefore increasing weekly income to $1200 per week. Otherwise new owners can raise the current weekly charge to $500 which would still be very competitive with other taxi companies. In April of 2008, the company will be eligible for an additional permit which would allow for 2 more vehicles. The growth potential here will double their current revenues. Customers include anyone that needs transportation. Whether it’s back & forth to work each day, doctor’s appointments, airport transportation, a night out on the town, or just getting to the store. Many repeat customers. The possibilities are endless.

Property Features and Assets:

Home Based.

Market Competition and Expansion:

Current advertising is done in local Chamber Phone book. There is no accurate way of putting into dollars the market and the sellers currently feel that their company has at least 50% of the market share. There are no outside salespeople due to the drivers bringing the taxis to perspective clients so they can view the vehicles and also distribute business cards.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.