Limousine Car Service

Listing ID: 70056415

Listing Title: Limousine Car Service

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Industry: Business Services

Industry Segment: Transportation – Airplane, Taxi, and Limousine

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Los Angeles

Asking Price Range: $500K - $1.0M

Gross Revenues: $700,000

Cash Flow: $280,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1999

Number of Employees: 20 - 34

Business Description:
A REAL DEAL FOR A RESONABLE PRICE - PLEASE SERIOUS BUYERS ONLY. A great opportunity for limousine car service business owners to extended their existing business and for the inexperienced who would like to own a Los Angeles-based limousine car service company. The company has been established in 1999 and since then has grown into one of the successful limousine car service providers in the metropolitan area. The company provides a car service to corporate, personal and parties/night-out accounts. The company has service contracts for most major events in the LA area. The business operation is structured so that it may be easily relocated and/or operated from home anywhere nationwide. All drivers are experienced and have been with the company for many years. The Seller will stay 30 days at no-charge with the new Owner to help through the transition, introduce the market and the new Owner to the account providers. If the new Owner is inexperienced and is not able to learn within 30 days and independently operate the business the Seller may consider staying as a Manager/Dispatcher for a few months. The seller is the founder of the company and is willing to transfer it into the right hands. The reason for selling is that the Owner is a Major Real Estate Investor. The new owner may easily increase the profit up to 40% by just hiring 3 new drivers. Also, the company has enough business for at least 5 more cars without any additional marketing. All financial statements and proof of existing successful business operation will be available to the potential Buyer after agreeing to the following terms: (a) purchase price; (b) proof of funds and if not all cash transaction proof of pre-qualification for the SBA loan; (c) all potential Buyers shall sing a confidentiality agreement. All cars, 1-800 number and accounts are included in the selling price. The Listing Agent is also a Commercial Loan Officer and if desired may help with the SBA loan.

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