Owner Financing is Available!
Business Overview:
Executive summary: Well know 60 year old taxi and
transportation business located near the Jersey shore in
Monmouth County, New Jersey. This business opportunity
includes two taxi licenses and ten vehicles (2 fifteen
passenger 8 vans, 5 passenger vans and 3 taxis). The
business is located near a shore area with a substantial
customer demand during the summer months. During the
summer months the vans are used to shuttle passengers up
and down the commercial avenues 24 hours daily. Although this
is a twelve month, 365 day service, minimal income is obtained during the winter months due to the owner s absenteeism. However with on site ownership and a marketing plan to develop the business, additional income can be obtained. The business produces a yearly gross income of $285,000 and a stable net income. Private parking is on the site and part of the lease agreement. This is a yearly business however May to September consists of 24 hour service and during the winter months 16 hours daily. The business has two taxi licenses and municipal approval. Existing month to month lease with a yearly rent of
approximately $9,834 (includes water expense) is available
for a new owner. The business can be further improved with
an updated marketing plan to increase passengers to and
from the various New York and New Jersey airports along with a new courier delivery service in the off season. The present owner is prepared to train the new operator and remain post closing.
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.
Market Competition and Expansion:
Due to the required licensing limited competition exist in the general area.
Reason for Selling:
Absentee and retiring out of the industry.
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.