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Business for Sale Summary

Limousine Company for Sale in New Jersey - 35949

Business Type: home-based business,misc. service/non-classifiable,other personal services,owner financing available,passenger transportation / limo/ bus companies
Owner Financing
Limousine Company for Sale in New Jersey
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This business has received 75 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $150,000
Gross Revenues $510,000 Lease Remaining Register Free to View
Owner’s Cash Flow $151,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and balance of $100k for 60 months @ 5%

Business Description

Established New Jersey Limousine Company: A Well-Established Home-Based Venture with 3 Well-Maintained Vehicles worth $60,000 (2 Suburbans and an MKT, years 2018-2019) each with Full-Time Drivers. This business boasts 2 long-term, renewable contracts that consistently provide a steady stream of work, primarily catering to corporate executives and airport transportation. The current owner primarily focuses on vehicle monitoring through GPS. Additionally, this opportunity includes plate permits that allow for the addition of up to 10 more vehicles, presenting an exceptional growth potential for a new owner. Traditional bank financing is not available due to the seller's preference for a swift sale process. The seller is amenable and prepared to provide training and assistance for a seamless transition. Priced competitively for a quick sale, as the owner is relocating with their family. Prospective buyers must demonstrate proof of $200,000 in liquid funds to engage with the seller. To connect with the seller, please contact the listing broker, Brian Bernstein, at 929-969-0007.

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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.