Car / Limo Service - Prime High Traffic Location
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $931000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 10 - 19
Inventory 150000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Training Available
Reason for Sale Family relocation
Description Fully staffed Car and limousine service established over 40 years ago has been in the same family, owned and operated successfully and satisfying thousands of customers throughout the years. The territory is dominated by this company with its safe and timely record consistent and reliable. The owners are selling the rights to the vehicles, the accounts, the name and the very important phone number which has been placed in every phone book, rolladex and now smart phone throughout the over 4 decades of dedicated service. The company owns 14 vehicles (2006-2014) and utilizes the services of approximately 15 independent contractors who use their own cars.
The company has over 300 accounts that are billed monthly with no account representing a majority of the billing(all less that 10%). The area is without reliable and efficient public transportation, has a growing population of senior citizens and has virtually no parking available for residents. The local subway provides much business traffic with the need for those exiting the subway to get to their residence.The office is located on a block with restaurants and delis along with residential units with high visibility and good access.
The company is licensed ...NYC Taxi & Limousine License which is renewed every two years. All vehicles and drivers are licensed by the NYC TLC.
The major strengths of this company are: Trusted name
● Customer Service● Competitive prices● Location● Strong account base
The company is operated semi absentee with full time managers and dispatchers able to capably operate the business.
Click Here To Contact Seller
For more opportunities like this go to:
|
NEWSLETTER
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|