1. Home
  2. Businesses for Sale
  3. New York
  4. Passenger Transportation / Limo/ Bus Companies
Business for Sale Summary

Limo and Party Bus Business for sale in NY - 33515

Business Type: entertainment,passenger transportation / limo/ bus companies
Owner Financing
Limo and Party Bus Business for sale in NY
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 10 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $695,000 Down Payment $500,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

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

Business Description

After 27 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 2019 was by far his best year in the business. While it slowed somewhat in the beginning of 2020 due to Covid, it is now returning to where it left off. Many affairs were postponed to 2021 and a backlog of about $100,000 worth of business has developed to the good fortune of the next owner. Parties, Weddings, Proms, airport and seaport destinations, it does it all. Growth and Profits are certain because it operates at a great competitive advantage. -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 three and all three 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 guests and offers various seating capacities and functionalities in between. -It helps enormously that this Company owns its vehicles outright free of debt, unlike its competition, giving it staying power and the ability to profit under the worst of all circumstances. -It helps to have a 27-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. 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.

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.