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Business for Sale Summary

Local Passenger Transport Business for sale in NJ - 34424

Business Type: misc. service/non-classifiable,passenger transportation / limo/ bus companies
Local Passenger Transport Business for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $235,000 Down Payment $235,000
Gross Revenues $240,000 Lease Remaining Register Free to View
Owner’s Cash Flow $30,000 Number of FT Employees Register Free to View

Financing

$235,000 Down and

Business Description

This high-end transportation company located in an affluent section of Middlesex County, New Jersey and established for 26 years is for sale. The current owner is moving back home to California after eight years here. The business transports corporate customers to the airports in NY/NJ or to meetings in Manhattan, or it takes individuals to dining and the theater in NY and still or others to tour Washington D.C. Whatever the group or purpose, the Company’s customers demand personalized service,and they get it. It offers extended wait times, and it is well paid for it. Typical fares for extended service range in price from $600 to $1,000 per engagement. Other popular ride sharing programs have not affected this market although the pandemic did as travel nearly came to a grinding halt. But the business has been profitable throughout and is building back to its original pre-pandemic levels. Growth potential is outstanding as demand is not being met. Just add drivers and vehicles and focused advertising. The business comes with two experienced drivers, two minivans, an SUV and an 11-seat passenger bus. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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.