Taxi/Limo Company
(Services, Transportation)
Bergen County, New Jersey
Listing DetailsTraining & Support:

 

 


Absentee Owner: No
LocationLease Expire: 0000-00-00
SummaryBusiness Description:

Sold based on a value 2,5 of the net yearly income, Twenty five year old profitable Taxi & Limo Transportation Company with a substantial net yearly income serving the diverse ground transportation needs of the NJ & NY for many years. Their base is located in the Hackensack NJ area with convenient access to the entire tri-state New York, New Jersey and Connecticut area. The company has twenty five Taxi licenses and approximately forty vehicles. Based on the asking price, required down payment and net income this business should supply a 32% return to the owner operator prior to debt service. They have a long list of clients, ranging from top Blue Chip corporations to individual travelers, brides and people celebrating special events. Their chauffeurs are knowledgeable and experienced and the vehicles are maintained to the highest standards of the industry and are always impeccably clean. This Limo Company prides itself as members of both the Limousine Association of New Jersey and the National Limousine Association.  The facility consists of a 2,500 square feet in a commercial setting with multiple offices used for various dispatches and other office space. This business is located in a large urban city in Bergen County, New Jersey on an active county road close to various major state highways. This business has an excellent location in order to service a large population and numerous communities with continued need for this service. Their substantial fleet consists of a large number of late model autos, Lincoln Town Sedans, 6, 8 and 10-passenger stretch limousines, Cadillac Escalade SUV, 12-passenger stretch Lincoln Navigator and a 26-passenger luxury limousine party bus. They understand the importance of on-time transportation and professional black car services. They service all International, Regional and Private New Jersey & New York Airports with dedicated, on-time ground transportation services. They provide prompt, courteous, airport transportation for the all airports and they understand the importance of on-time transportation and professional black car services. The sale includes twenty five taxi licenses, forty vehicles, state of the art communication equipment, GPS and software specifically for this transportation industry. The business has an assignable 10 year commercial lease with a yearly rent of $55,000. This retail business requires six dispatchers and dozens of drivers who are unaware of the pending sale and fully expected to remain post closing.


Competition:

This general area has limited competitors and the seller has agreed to supply a long term non compete agreement to the new operator.


Potential Growth:

This business can be further developed with increased marketing plan, improved internet advertising and by increasing web position.

 


Financing/Terms:

Owner financing is available to a qualified buyer