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Business for Sale Overview:

The target company is a full service Transportation business that has a medical transportation division and a black car limo division. In addition, the company owns a gas station and auto repair shop that provides fuel and repairs for the company, hence saving the company money on gas and repairs. The business has been established for 22 years and is very profitable. It produces over $5MM in revenue and produces a little over $1MM in clean earnings. All revenue is on the books and the majority of the business bought in is through Government contract work. The company employs over 80 drivers and a little over 15 administrative staff which includes receptions, secretaries, dispatchers, and schedulers. The Seller is close to retirement age and is willing to finance 50% of the transaction. The transaction includes the goodwill, which is made up of 14 government contracts and over 20 corporate accounts, $500,000 of accounts receivables which is all connected to Government contracts and is not older than 45 days, over 80 vehicles which have no debt attached to it and represents around $500,000 in hard assets, $20,000 deposit with Sunoco, and $15,000 of Gas inventory.

Property Features and Assets:

The business operates out of an office and does its own repairs out a gas station/repair shop the company owns. The office is 2,500 square feet, the gas station has 8 pumps, and the repair shop has 3 bays.

Additional Details:

• The property is leased.
• The owner is not 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 may become a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.