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Business for Sale Summary

Well Known Limo Service - 24638

Business Type: passenger transportation / ambulette
Well Known Limo Service
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Financial Information (non-confidential)

General Information
Asking Price $6,500,000 Down Payment $6,500,000
Gross Revenues $4,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $800,000 Number of FT Employees Register Free to View


$6,500,000 Down and Negotiable

Business Description

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

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.