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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Transportation Limo Co.
(Services, Transportation)
Middlesex County , NJ
Listed Price: $ 395,000
Listing ID: TRNS103

Listing DetailsGross Revenue: $ 480,876
Cash Flow: $ 219,894
FFE: $ 105,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to a new business opportunity.


Training & Support:

The owner / seller will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.


OperationsYear Established: 2007
Non-owner Payroll: $ 10,400
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4500
Monthly Rent: $ 1,000
Square Footage: 1200
Facilities:

The Company is in Northern New Jersey in the county of Middlesex near to various airports and major cities. The company services the multi state area with quality services. This company which consist of approximately 1,400 square feet has a modern professional appearance and fully equipped to service its customers. The non-retail company is in a commercial building conveniently near to various highways.


SummaryBusiness Description:

Transportation limo company with a yearly gross income of $480,876 and a consistent net yearly income of $213,894 to the owner operator. The company offers professional services to the many loyal customers which primarily consists of rides to airports or business locations. They also provide professional limousine services in 450 cities around the world including the United State East Coast. They pride themselves on providing a superior customer experience. From the initial reservation to the final drop-off destination, their staff employs a "whatever it takes" attitude to ensure 100% customer satisfaction and their office is open to assist in any way possible 24-hours a day, 7 days a week, and 365 days a year. The company provides luxury chauffeured services to New Jersey, New York, Pennsylvania, Connecticut and all major destinations around the world. Their corporate travel services extend beyond a simple limo and they offer travelers the highest quality at the lowest prices, making them the preferred limousine provider for corporations, travel agencies, and major airlines. Their fleet includes sedans, SUVs, stretch limos, and vans. Their Limousine service provides reliable and cost-efficient luxury airport transportation and they take the safety of their clients seriously which is why they ensure that all vehicles are constantly checked, professionally maintained, and are on time at the airport for arrival. Their luxurious executive sedans accommodate up to 4 passengers with 3 medium size luggage, Groups of 4 with luggage should consider their SUVs and all their sedans have black exterior and interior. This company has five full / part time employees, representing 1099 and hourly staff, who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $10,400. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $1,000 and rent security of approximately $4,500. The business fixed assets has an estimated value of approximately $105,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped company, which includes, four vehicles, two web sites, 15 phone numbers, required licenses, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This successful transportation company operation is active seven days per week, with hours from 9:00 am to 6:00 pm, however due to the type of personal service, they have a 24-hour private phone service. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $395,000 which is based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Competitors presently exist in the industry and is not a direct factor due to the age and reputation of this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a basic marketing plan, which can be improved to further develop the business yearly gross sales.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.