Transportation & Limo Company

Not Disclosed, NJ
Middlesex County

Middlesex County


Asking Price: Annual Revenue:
$375,000 $463,482

Services: Taxi, Limo, & Passenger Transportation


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RE: Transportation & Limo Company Broker: Ron Cervelli
Owner Financing is Available!
Available to a qualified buyer.

Quick Facts

Asking Price: $375,000
Annual Revenue: $463,482
Net Profit: Not Disclosed
Cash Flow: $203,000
Total Debt: Not Disclosed
FF&E: $105,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 5
BBN Listing #: 38603909
Broker Reference #: TRNS108

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Business Overview:

Transportation limo company with a yearly gross income of $463,482 and a consistent net yearly income to the owner operator. The company offers professional services to its many loyal customers which primarily consists of rides to airports or business locations. They also provide professional limousine services in 450 cities around the world including the United State East Coast and 25% of the income represent affiliate work. They pride themselves on providing a superior customer experience. The company provides luxury chauffeured services to New Jersey, New York, Pennsylvania, Connecticut and all major destinations around the world. Their corporate travel services extend beyond a simple limo and they offer travelers the highest quality at the lowest prices, making them the preferred limousine provider for corporations, travel agencies, and major airlines. Their fleet includes sedans, SUVs, stretch limos, and vans. Their luxurious executive sedans accommodate up to 4 passengers with 3 medium size luggage, Groups of 4 with luggage should consider their SUVs and all their sedans have black exterior and interior. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $1,000 and rent security of approximately $4,500. This company has five full / part time employees, representing 1099 and hourly staff, who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $10,400. The business has been valued / priced at $375,000 which is based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

The Company is in Northern New Jersey in the county of Middlesex near to various airports and major cities. The company services the multi state area with quality services. This company which consist of approximately 1,400 square feet has a modern professional appearance and fully equipped to service its customers. The non-retail company is in a commercial building conveniently near to various highways.

Market Competition and Expansion:

Competitors presently exist in the industry and is not a direct factor due to the age and reputation of this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business presently has a basic marketing plan, which can be improved to further develop the business yearly gross sales.

Reason for Selling:

The sale is due to a new non-competing business op

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.

Documents:

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