Business For Sale

Well Known Limo Service - 24638

Suffolk County, NY
Suffolk County


Asking Price: Annual Revenue:
$6,500,000 $4,500,000

Services: Travel Related Services


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RE: Well Known Limo Service - 24638 Broker: Joseph DiBello
Owner Financing is Available!
6,500,000.00 Down & Negotiable

Quick Facts

Asking Price: $6,500,000
Annual Revenue: $4,500,000
Net Profit: Not Disclosed
Cash Flow: $800,000
Total Debt: Not Disclosed
FF&E: $1,250,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 2
BBN Listing #: 41824447
Broker Reference #: 24638

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Business Overview:

This full service transportation company specializes in Industry Leading Luxury Limo & Bus Company-Long Island, NY. They cater to weddings and special events while also serving a who's who list of corporate customers and business travelers. The strengths of the business include a highly experienced, excellent staff, a diversified fleet, an impressive wedding and prom clientele, and a brand that resonates deeply with customers across the tri-state area. The business has consistently stayed ahead of the competition by always offering new, high end, and sometimes very unique luxury vehicles to a continually growing customer base. The company's strategic location is also a strong competitive advantage. The company's business is literally exploding and they have become a market leader in the transportation industry in New York and on Long Island. They are experiencing tremendous growth and the revenues for the first quarter of 2016, are conservatively growing at the rate of 30%. In 2014, the gross revenue was $3,950,000 and the target revenue for 2016 is expected to be $6,000,000. Here is some additional preliminary financial information. Fleet Value = $2,932,000.00 [List of Vehicles with values is attached] Vehicle Debt [loans] = $1,283,731.00. Total Monthly Payments = $40,057.00 Net Equity = $1,648,269.00 Revenue for 2015 - $4,500,000.00 Cash Flow [approx]] = $800,000.00 Asking Price = $6,5000,000.00 [Includes all vehicles that would be paid off by closing.] A new lease would be offered to stay in the current location. Lease terms are negotiable. All numbers are verifiable and seller is prepared to show you everything at the appropriate time as part of your due diligence. Please let me know if you would like to meet with seller and when. I will gladly set it up for you. Call broker, Joe DiBello 1-877-735-5224

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Reason for Selling:

Personal

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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