Highly Profitable Charter Bus Service
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $405000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Seller will provide training for 4 weeks at 20 hours / week.
Reason for Sale Retirement.
Description Highly Profitable Charter Bus Service in the Enterprise Zone of Coachella Valley. Seller will Finance.
This charter bus service company is located in the enterprise zone of Riverside County near Palm Desert.
Established 9 years ago, this company was growing at the rate of 15% until 2008. The revenues for 2009 are expected to be a little soft due to the economy. The annual sales of $405,000 is projected for 09 which is lower than 08 numbers. Because of its location in the Enterprise zone, this business enjoys several tax benefits, such as, no sales tax on all equipment, including buses, and an employer hiring credit of $10,000 to $12,000 per year per employee for 5 years.
Net Interest Deduction for Lenders: Zone business interest payments to lenders on commercial loans is not taxable income, but rather a tax deduction to the lender which gives Zone firms substantially greater bargaining power in obtaining both lower loan interest rates and more beneficial loan financing terms than non-zone businesses.
This business provides bus service to various schools and churches in the area. The business comes with one 45 feet bus, one 40 foot bus bus and a 24 foot bus appraised at $160,000. Very well maintained. The business is for sale for $350,000. The buses are fully paid for. Asking price for the Real Estate that includes approx. 3 acres of land with a 1,500 sq feet home on it and plenty of room to park the buses is $480,000. The current owner lives in that house and uses a portion of the house as his office.
Financing available on both, the business and the R.E. for the qualified buyer.
For more information, please contact Ved Sajnani at Business Team.
Click Here To Contact Seller
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