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Business for Sale Summary

Limo and Party Bus Business for sale in NY - 33515

Business Type: entertainment,passenger transportation / limo/ bus companies
Limo and Party Bus Business for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $695,000 Down Payment $500,000
Gross Revenues $395,000 Lease Remaining Register Free to View
Owner’s Cash Flow $210,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and 195k at 6% over a negotiable time frame

Business Description

After 26 years in business, this entrepreneur is calling it quits. He has owned and operated a high-end transportation and limousine service in Richmond County; reputedly, the Best of the Best. Sales climbed and last year was by far his best year in the business and now, the business is returning to where it left off. It helps that competition has become limited. The New York State Taxi and Limousine Commission no longer grants new TLC licenses and this company has two and both are included in the sale. It helps that this company has an array of luxury vehicles in mint condition that seat from 8 to 35 and points in between. Parties, Weddings, Proms, airport and seaport destinations, it does it all. It helps to have a 26-year reputation; in fact, other limousine companies send him business. His drivers are always on time and always pleasant- that is the mark of this company. Many affairs were postponed to next year and a sizable backlog has developed to the good fortune of the next owner. Seller seeking to retire but he will remain to help out if needed including driving if called on. Seller financing is available to a qualified buyer.

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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.