Business For Sale

Absentee Run - Black Car Service/Limo Company

Not Disclosed, CT
New Haven County


Asking Price: Annual Revenue:
$6,500,000 $6,770,385

Services: Taxi, Limo, & Passenger Transportation


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RE: Absentee Run - Black Car Service/Limo Company Broker: Bo Prybyla

Quick Facts

Asking Price: $6,500,000
Annual Revenue: $6,770,385
Net Profit: Not Disclosed
Cash Flow: $1,792,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 56
BBN Listing #: 175226891
Broker Reference #: Not Disclosed

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Business Overview:

Well established – Absentee Run – Black Car Executive Transportation and Limo service providing local ground transportation to clients who request dedicated transportation. Transportation consists of Airport drop off and pick up for business and pleasure travelers; transportation to doctors appointments; transportation for any occasion. Company has discontinued Limo services for Weddings, Proms, Party Cars, etc. due to owner choosing not to focus on that segment of the business. Company has both Z and L plates – allowing for Interstate and Intrastate transportation of clients. All vehicles are properly maintained – tracked by GPS.

Employees: 50 Drivers, 4 Office Staff comprised of dispatchers and schedulers, 2 full time detailers.

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Property Features and Assets:

7,000 square feet building consisting of office space; detail area and parking for 20 cars. Owner will structure long term favorable lease. 65 vehicles – consisting of SUV’s; Town Cars; and Limos. Fair market value for the vehicles is estimated at approximately $600,000.

Market Competition and Expansion:

Expansion back into Party Cars; Weddings; Proms etc; Geographic expansion to serve other CT markets.

Reason for Selling:

Retirement/Other Business Interests.

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.

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