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Well Known Limo Service
Location: United States -> New York -> Suffolk County
Industry: Business Services > Transportation – Airplane, Taxi, and Limousine




Business Summary

This full service transportation company specializes in Industry Leading Luxury Limo & Bus Company--Long Island, NY weddings and special events while also serving a who's who list of corporate customers and business travelers. The company's diverse fleet includes party buses, limos, exotic limos, SUV s and town cars. The sale price includes 31 vehicles the seller estimates are worth $1.25M. The company's footprint stretches across the tri-state area, but the majority of the customers are served on Long Island. The strengths of the business include a highly experienced, excellent staff, a diversified fleet, an impressive wedding and prom clientele, and a brand that resonates deeply with customers across the tri-state area. The business has consistently stayed ahead of the competition by always offering new, high end, and sometimes very unique luxury vehicles to a continually growing customer base. The company's strategic location is also a strong competitive advantage. Currently, the business is made up of 40% weddings, 20% airport transfers, 20% proms & 20% miscellaneous events. The current owner believes opportunities for growth and expansion are available through the pursuit of more corporate travel business and through integrating coach buses into the current service offerings. Along with the satisfaction of owning a financially strong business, the company allows the owner to enjoy a variety of lifestyle perks that really differentiate this investment opportunity from other businesses for sale in Long Island. Not all vehicles are required to be included in the sale. Full financial disclosure of sales and expenses to buyer face to face meeting with seller. Seller is financing 600,000 for 4 years. Price of 2 million includes fleet. Property for sale direct through seller, open for discussion.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,824,500
Cash Flow:   $564,900
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1997
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller Will Provide Training
Reason For Selling:  Personal

Photos

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Well Known Limo Service Photo 1 Well Known Limo Service Photo 2




Print Listing Id: 700213786
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Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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