Landmark Virginia Taxi and Ground Transportation

Not Disclosed, VA
Roanoke County

Asking Price: Annual Revenue:
$670,000 $2,095,371

Services: Taxi, Limo, & Passenger Transportation

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RE: Landmark Virginia Taxi and Ground Transportation Broker: Michael Mitzger

Quick Facts

Asking Price: $670,000
Annual Revenue: $2,095,371
Net Profit: Not Disclosed
Cash Flow: $391,292
Total Debt: Not Disclosed
FF&E: $443,284
Real Estate: Not Disclosed
Year Established: 1948
Employees: 95
BBN Listing #: 4184955
Broker Reference #: 2006-15088

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Business Overview:

When the first commercial flight landed at Roanoke airport in 1948, this family-owned business had a vehicle there waiting to serve the airport! This family has owned and operated two ground transportation businesses that have served the metropolitan Roanoke area starting in 1933 with a Taxi Cab Company and then an Airport Transportation Service in 1958. This company operates a taxi service 24/7/365. The Transportation Service meets all scheduled flights into Roanoke from a counter located inside the airport. Both companies service the growing need for non-emergency medical transportation locally and throughout the state.
This sale includes approximately 30 taxis that are leased to contract drivers on a daily, weekly, or monthly basis. Most vehicles are 4-5 years old and are meticulously maintained at the onsite facility. Another 30 sedans and vans are used by W-2 drivers on the ground transportation side.

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Property Features and Assets:

Real Estate is available with sale at an asking price of $860,000 and will be represented by Poe & Cronk Real Estate. The 1.2 acre property is perfectly suited for this business. Located just 6 minutes from the airport, this 6,600 square feet facility contains administrative spaces and driver lounge, as well as 3 full-service mechanical bays with 2 lifts and an onsite car wash. Assets=$472,996

Market Competition and Expansion:

The company maintains performs very little marketing due to its long-term reputation in the community. Two attractive and modern websites helps connect riders to its services. Due to its excellent location, moderate weather and low cost of living, this area of Virginia continues to grow in popularity. The airport services universities like Liberty and Virginia Tech which continue to grow and drive increased demand. There is ample opportunity for a new owner to exploit this growth by adding new services and expanding into outlying regions.

Reason for Selling:

Owners are retiring.

Additional Details:

  • The property is owned.
  • The owner is not 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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