Large, Highly Profitable Shared Ride & Chauffeured Sedan Service
Asking Price:
$15,559,000.00
Gross Revenue:
$16,000,000.00
Cash Flow:
$1,700,000.00
Cash Flow Type:
Business Description:
PRICE INCLUDES $1.2 MILLION PROPERTY. This is one of the largest and most profitable shared ride and chauffeured sedan services in the United States. The principle service is airport transfers. Company does not own any vehicles, preferring to use independent contractors. The company has no debt. The customer base is a diversified blend of corporate accounts, families, individuals and small businesses, with no customer exceeding 5% of the company's annual revenue of $16 million in 2007. The company employs no sales staff and advertises very little. The company has been in the chauffeured passenger transport business for many years and many of the drivers and office employees have worked for the company for more than 10 years. Supported by state-of-the-art communications and operations software, these highly experienced and motivated employees assure service that is customer friendly, efficient, and moderately priced. 2008 forecast: Revenue $18,000,000 Cash Flow $2,300,000 2009 forecast: Revenue $19,600,000 Cash Flow $2,940,000. For more information contact, Charles Tenney at 817.274.0054.
Seller Financing:
Year Established:
Mgmt. Training/support:
Reason For Selling:
Seller is retiring.
Facilities:
Market:
Location of business will remain confidential until buyer provides proof of funds and a confidentiality agreement.
