Exceptional S. Florida Limo & Mini-bus Company
Location: Florida
Industry: Transportation > Taxi and Limousine
Financials
Asking Price: $3,999,500
Gross Revenue: $4,975,000
Cash Flow: $1,170,000
FF&E: $1,500,000 (Included in Asking Price)
Seller Financing: 10% available to qualified buyers.
Business Summary
One of the top 3% chauffeured transportation companies in America. This South Florida local passenger transport company provides chauffeured airport transfers, primarily for business travelers, and luxury ground transportation for conventions and meetings. It serves a diverse customer base including hotels, business executives, meeting planners, and DMCs. The company has differentiated itself from the competition through premier service provided with superior vehicles and served by carefully selected professional drivers and an experienced, customer oriented office staff. The company has no sales force and does no Internet marketing or any form of advertising. Growth (27% per year since 2000) is based entirely on referrals from happy clients and repeat business. The fleet consists of about 50 sedans, minibuses, vans and limousines. The current owner created the company in 1999. Despite owning several other businesses, the owner has already established this company as one of the top three chauffeured transport providers in South Florida. Assets included in sale: -45 Fleet Vehicles. Sedans, Limos, Executives Vans, Mini buses. *Seller values fleet and vehicle permits at approx. $1,500,000
About the Business
Year Established: 1999
Facilities: Company shares facility with another of Seller’s businesses. Seller will lease facility to Buyer at market price. Seller estimates that business can double in size using existing space.
Market Outlook and Competition: South Florida is one of the top destinations in the United States for conventions, business travelers and tourists. While the $6 billion U.S. Chauffeured Transportation industry has grown about 6% annually since 2003, growth in the South Florida market has been substantially faster. The limousine and sedan segment has about 10,000 to 12,000 operators in the United States, according to Limousine and Chauffeur Magazine, and no competitor has more than 5% share of this highly fragmented industry.
With a growing loyal customer base that requires virtually little to no marketing to maintain, prospects for growth could be explosive. With proactive marketing, the incoming owner should expect to create additional distance between the company and its competition.
About the Sale
Management Training and Support: Seller will include thirty (30) days training with price with additional time available up to two years.
Reason For Selling: Owner wants to spend more time with other businesses and personal life.
List Your Business for Sale | This listing has been viewed 130 times
advertisement
|
||||||||
|
Recommended Resources
Sponsored Links
|
||
|
The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
|
||
