Business for Sale Overview:
Highly Profitable Charter Bus Service In The Enterprise Zone Of Coachella Valley
This Charter Bus Service Company Is Located In The Enterprise Zone Of Riverside County Near Palm Desert.
Established 9 Years Ago, This Company Was Growing At The Rate Of 15% Until 2008. The Revenues For 2009 Are Expected To Be A Little Soft Due To The Economy. The Annual Sales Of 405,000 Is Projected For 09 Which Is Lower Than 08 Numbers. 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 One 45 Feet Bus, One 40 Foot Bus Bus And A 24 Foot Bus Appraised At 160,000. Very Well Maintained. The Business Is For Sale For 250,000. The Buses Are Fully Paid For. Asking Price For The Real Estate That Includes Approx. 3 Acres Of Land With A 1,500 Sq Feet Home On It And Plenty Of Room To Park The Buses Is 480,000. 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 below. 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.