Limousine Company for Sale

Lubbock, TX
Lubbock County

Asking Price: Annual Revenue:
$270,000 $472,994

Services: Taxi, Limo, & Passenger Transportation

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RE: Limousine Company for Sale Broker: David Powell

Quick Facts

Asking Price: $270,000
Annual Revenue: $472,994
Net Profit: Not Disclosed
Cash Flow: $167,001
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 19
BBN Listing #: 2044955
Broker Reference #: 6002-15033

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Business Overview:

Business was started by the owner as a means of earning extra income while attending college. In January of 2018 he purchased the 3rd limo company expanding the business to operating 12 cars currently. The fleet is well equipped to meet client needs for limo transportation with its wide range of different size and styles of vehicles.

This company caters to local executives and those traveling to and from the airport. Hotel guests booking reservations for corporate business meetings, conferences, company parties, premiers, award events, dinner outings, sporting events, proms, weddings, birthdays, bachelor/bachelorette parties, formal events, funeral services and non-emergency medical transportation are just a few of the trips this company is hired for. Some Business, Corporate, & Executive contracts are in place.

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Property Features and Assets:

Currently leasing 5,000 square feet of warehouse space. Assets=$314,800

Market Competition and Expansion:

The owner attributes some of the success of the company to using paid ads with Facebook and Instagram to market the business. Using blog posts, video stories, photos, and other engaging content, the owner saw a great shift from direct response and traditional advertising to online engagement and booking. Currently the company has 10,000 + followers across all social media platforms. The company uses its websites to generate business as well. Both company names and websites are still used for marketing purposes. More marketing and purchase of additional vehicles. Possible buyout of the last standing limo company in the area would increase business.

Reason for Selling:

Owner would like to focus 100% on another business

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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