Owner Financing is Available
Business for Sale Overview:
This charter bus service company is located in the enterprise zone of Riverside County near Palm Desert. Established 10 years ago, this company was growing at the rate of 15% until 2008. The revenues for 2009 were down slightly due to the soft economy. 2010 revenues are projected at $620,000 which is about 25% higher than 2009. They already have 153 trips booked for next 3 months worth about $180,000. Seller’s books are very clean. Because of its location in the Enterprise zone, this business enjoys several tax benefits, such as, no sales tax on all equipment, including buses, and an employer hiring credit of $10,000 to $12,000 per year per employee for 5 years. Net Interest Deduction for Lenders: Zone business interest payments to lenders on commercial loans is not taxable income, but rather a tax deduction to the lender which gives Zone firms substantially greater bargaining power in obtaining both lower loan interest rates and more beneficial loan financing terms than non-zone businesses.
This business provides bus service to various schools and churches in the area. The business comes with Two 54 seat luxury buses and one 24 seat bus appraised altogether at $375,000. Very well maintained. The business is for sale for $510,000. The buses will be fully paid off for the new buyer or buyer can take over the loans. Asking price for the Real Estate that includes approx. 3 acres of land with a 1,750 sq feet home on it and plenty of room to park the buses is $490,000. The current owner lives in that house and uses a portion of the house as his office.
Financing available on both, the business and the R.E. for the qualified buyer
For More Information, Please Contact Ved Sajnani At (310) 539-8300.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,500 square feet.
Rent = $2,000 per month or Real Estate Available.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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