Corporate Limousine and Black Car Service - 23498 Business Type: other business services,passenger transportation / ambulette,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $810,000 | Down Payment | $525,000 |
| Gross Revenues | $0 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $0 | Number of FT Employees | Register Free to View |
Financing
$525,000 Down and $285K over 3 yrs. @ 6%
Business Description
Corporate Limousine and Black Car Service. YOU MUST READ THIS ENTIRE DESCRIPTION OR YOU MAY MISS THE BEST OPPORTUNITY I REPRESENT! This is not your typical limousine service. For over 30 years this business has been family owned and operated. ALL NUMBERS ARE RECORDED AND VERIFIABLE! They strictly handle corporate accounts. That means no party buses, no proms, weddings, bachelor/bachelorette parties, etc. That is a huge market a new owner can tap into to increase sales while maintaining a steady base. The sale price includes 7 vehicles (3 stretch limousines, 3 town cars, and 1 SUV). All vehicles will be transferred free and clear of any liens, note payments, etc. The business can be operated from anywhere with a phone and Internet enabled computer. In 2012, the gross sales were $934,601.00 (as per the filed tax returns) with a (CONSERVATIVE) Net Income of $318,619.00. Current owners and employees are all W-2 employees. All drivers are W-2 employees. This is very rare for the transportation industry. They use Limo Whiz software to manage the business. They cover jobs from NY, NJ and CT. We are looking for serious and financially qualified buyers with at least $525K for a down payment. Proof of Funds will be requested prior to a meeting with the owners. If you fit these criteria, call or email Mel Vaz today at 1-877-735-5224 or
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.
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