Business for Sale Overview:
Premier limousine company in business over 50 years. Predominantly corporate services business, virtually all with major companies and primarily repeat business. Firm holds 11 Connecticut livery permits including inter and intrastate which are transferable as part of the sale (business can operate anywhere in and out of the state and at any time). Owner ready to retire. Fleet includes ten luxury vehicles. Sale available with or without leased (2 years left on 5 year lease with additional 5 year option) 6,000 square foot modern facility. Over $200,000 in fixed assets including on-site service and support equipment. Full service for fleet provided by various local dealerships and service concerns throughout the area that have long-term relationships with the company. This is a very healthy and profitable business that has maintained consistent revenue numbers despite the recent downturn in the economy. Huge opportunity for growth: the firm does no current advertising or marketing and it is estimated that such efforts (even if directed only at the existing client base alone) would generate sales increases in excess of over 25%. With over 95% of revenues derived from corporate accounts, this business would be an ideal fit as an addition to a similar outfit and/or a perfect addition to a retail based concern seeking to enter the highly lucrative corporate market. Highly competent staff in place, very reasonable at-market offering price and well earned reputation for excellence in its market. Knowledgeable potential buyers will recognize this situation as an extraordinary opportunity.
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:
The current 6,000 square foot facility is a modern structure in an exceptionally desirable location, includes attractively outfitted office spaces, an extensive indoor parking garage, service area and operations space in a comfortable environment. An acquirer may opt out of obtaining the premises in a lease transfer along with the transfer of ownership. The offering and/or selling price of the business shall in no way be affected regardless.
Market Competition and Expansion:
Firm holds 11 Connecticut livery permits including inter and intrastate which are transferable as part of the sale (business can operate anywhere in and out of the state and at any time). Owner ready to retire. Fleet includes ten luxury vehicles. Sale available with or without leased (2 years left on 5 year lease with additional 5 year option) 6,000 square foot modern facility. Over $200,000 in fixed assets including on-site service and support equipment. Full service for fleet provided by various local dealerships and service concerns throughout the area that have long-term relationships with the company. This is a very healthy and profitable business that has maintained consistent revenue numbers despite the recent downturn in the economy. Huge opportunity for growth: the firm does no current advertising or marketing and it is estimated that such efforts (even if directed only at the existing client base alone) would generate sales increases in excess of over 25%. With over 95% of revenues derived from corporate accounts, this business would be an ideal fit as an addition to a similar outfit and/or a perfect addition to a retail based concern seeking to enter the highly lucrative corporate market. Highly competent staff in place, very reasonable at-market offering price and well earned reputation for excellence in its market. Knowledgeable potential buyers will recognize this situation as an extraordinary opportunity.
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- 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.