Vehicle for Hire/Limo Company

Not Disclosed, FL
Palm Beach County

Palm Beach County


Asking Price: Annual Revenue:
$175,000 $80,000

Services: Taxi, Limo, & Passenger Transportation


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RE: Vehicle for Hire/Limo Company Broker: martin berliant

Quick Facts

Asking Price: $175,000
Annual Revenue: $80,000
Net Profit: $30,000
Cash Flow: $30,000
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 1
BBN Listing #: 346429831
Broker Reference #: Not Disclosed

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Business Overview:

Vehicle for Hire/Limo Business for Sale. This 14 years established company has current ‘vehicle for hire’ license in Palm Beach County. New applicants for the same ‘Vehicle for Hire’ license must have a fleet of seven (7) vehicles. This company’s license has been grandfathered in and thus not subject to the seven vehicle requirement. Asking price of $175,000 includes three vehicles: ’16 Cadillac XTS with 60,000 miles worth $16,000, ’10 Lincoln Navigator with 120,000 miles worth $15,000, and ’11 Lincoln with 300,000 miles worth $4,000 and currently being leased out for $1,100/month to self-employed driver. If buyer does not want vehicles then seller willing to sell company with grandfathered license for $140,000. Seller is retiring and has not been active lately with the business. Advertised sales and income approximates pre-virus business including cash. Please contact Martin Berliant for more information. Nondisclosure form is required.

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Reason for Selling:

retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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