Suffolk Taxi Company with Gov't Contracts

Ronkonkoma, NY
Suffolk County

Suffolk County

Asking Price: Annual Revenue:
$220,000 $400,000

Services: Taxi, Limo, & Passenger Transportation

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RE: Suffolk Taxi Company with Gov't Contracts Broker: Seller of Business

Quick Facts

Asking Price: $220,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $148,305
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 18835273
Broker Reference #: 11921

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Business Overview:

Once in a lifetime opportunity to jump into the drivers seat of a Taxi and Medicaid Transport company. The purchase of this company includes eight vehicles valued at approximately $56,000. This passenger transport company has been two major government contracts for Medicaid patient appointment transport and did $235,000 in 2020, it did $370,000 in 2019, and they received $450,000 in 2018. Besides the government checks they receive, the company does an additional $165,000 in Net cash business from regular airport and local pick-ups, making the 2020 gross profit $400,000. This is a great opportunity for someone to expand this business with more cars and take this business to the next level. These government contract do not expire. They have 8 drivers for the 8 vehicles and 4 office personel. Owner also drives and takes a salary in addition to the profit shown.

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Reason for Selling:

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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