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Business for Sale Summary

Transportation Business in Suffolk County, NY - 33024

Business Type: misc. service/non-classifiable,other business services,passenger transportation / limo/ bus companies
Owner Financing
Transportation Business in Suffolk County, NY
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $300,000
Gross Revenues $609,492 Lease Remaining Register Free to View
Owner’s Cash Flow $144,775 Number of FT Employees Register Free to View

Financing

$300,000 Down and Balance at terms TBD

Business Description

Long Island's premier niche transportation company specializing in leisure tour packages to local wineries, breweries and restaurants as well as nights out on the town. Very Impressive online reputation and branding for over 10 years, Established in 2008. Well known name throughout the industry and attractive clientele consisting of clients who use their service multiple times a year as well as many corporate accounts. Company has many clients within the Hospitality Industry who book multiple times a year and during the week. Company also has contracts set up with Doctor offices and large venues. Bus fleet consists of 6 vehicles, containing perimeter seated party buses, perimeter seated shuttles and executive shuttle buses (14-26 Passengers). All vehicles are paid off with the exception of a 2017 Executive Mini Coach Bus. Vehicles have low mileage and are well maintained. This company subs out a lot of coach bus work, wedding work, airport work, and prom work. Huge opportunity for growth! This business is operated from a home office, vehicles are kept in a gated lot with a low monthly rent. Company has 10 part time drivers, many of whom are retired police officers and/or School Bus drivers. Company also has a great part time mechanic who comes to work on vehicles when needed. Clean insurance records and DOT numbers that are difficult to obtain in the NY market. Great opportunity for someone to enter into the transportation business or an existing owner to gain more market share. Over the past several years, (with the exception of 2020) business revenue has shown consistent growth of 20% or more each year. With people getting out and the pandemic ending Business is booming and on track for its best year! Please call the Broker Nathan Goldstein for more information.

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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.