Owner Financing is Available!
Business Overview:
The limo company's revenue has been going up every year since it started (2007 was $297,000) (2008 was 498,000) (2009 was 450,000) (2010 -- So far 20% Increase in sales than 2009).
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:
Office is located at 1609-1620 Vauxhall Rd,Suite# 323, Union,NJ 07083 . Very convenient location 10 Min from Newark Airport, 20 Min to Holland Tunnel. The office is located in an office building with a huge fenced parking lot. Very safe area used to park all Limos opened with keys in them.
Office Rent is $728 a month incl all util which is extremely cheap for all the features it has.
All Limos sold separably
1- 2006 H2 Hummer 22 Passengers $65,000;
2- 2008 Chrysler 300 12 Passengers $46,000;
3- 2005 White Lincoln 10 Passengers $18,500;
4- 2003 Black Lincoln 8 Passengers $13,500;
5- 2003 Chevy Suburban SUV 6 Passengers $7,000.
Market Competition and Expansion:
There is a huge opportunity to expand in this business since we turn down so many business specially airport service and corporate car service. We mostly specialize in stretch limousine business , we do have accounts that we turn down their airport trips and only accept the stretch business. (Like Hotels and affiliates that would love us to cover a lot of their sedan work because we do their stretch work with 0% error) and this is very hard to find in this business. . Our rates are very reasonable and competitive at the same time. we have so many regular clients that uses us on the weekly, monthly and yearly basis.
Reason for Selling:
Moving into a new business and need cash
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.
Resources: