Business For Sale

Passengers Transportation Service – Absentee Owner

Not Disclosed, CA
Los Angeles County


Asking Price: Annual Revenue:
$598,000 $550,000

Services: Taxi, Limo, & Passenger Transportation


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RE: Passengers Transportation Service – Absentee Owner Broker: Mark Eshtehardi
License #: 02018229

Quick Facts

Asking Price: $598,000
Annual Revenue: $550,000
Net Profit: Not Disclosed
Cash Flow: $224,000
Total Debt: Not Disclosed
FF&E: $205,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 139351845
Broker Reference #: 51951-247384

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Business Overview:

The business consists of leasing commercial vehicles to drivers who work as independent contractors in driving passengers to their destinations.

The vehicles are licensed to pick up passengers in the entire state of California, with a TCP license and are also licensed to pick up in four airports, LAX, John Wayne, Long Beach and San Diego.

The business has partnered with Uber and is allowed to pick up passengers using Uber Black and Uber SUV trips, resulting in a higher profit margin than the standard cars. As upside potential, the business may add different type of vehicles. The drivers are independent contractors leasing the company vehicles per contractual lease agreement.

This is a great opportunity for a business minded individual to build on and expand an existing profitable business or an inventor to earn a high ROI as an absentee owner.

The business is SBA loan approved with as low as 25% down payment for qualified buyers.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

Relevant Links:

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