With up to $135,000 available in seller financing to qualified buyers, this business can be purchased with little to no cash down. *Provided that necessary vehicles are financed through 3rd party lender. This business has been providing top of the line chauffeured transportation for many years. The business has a tremendous reputation for delivering “dependable” service for all occasions: corporate meetings/airport transfers, weddings, special events, etc. The company’s loyal customers include but are not limited to law firms, major corporations, and many business travelers. Breakdown of sales by service category:
Corporate/Airport Transfer 45%.
Nights on the town 26%.
Weddings 21%.
& Proms 8%.
40% of this company’s sales come directly from referrals. 30% of sales come from ongoing repeat customers. The company maintains a terrific website which is also responsible for generating a significant portion of sales. The company uses very effective reservation software called Limo Nexus.
It differentiates itself from the competition through premier service, superior vehicles, carefully selected professional chauffeurs, and a deep commitment to customer service and community involvement. This business is a consistent financial performer and presents many strategic and growth opportunities to potential buyers. The back office of this business can be run from anywhere in the country. The company is currently one of the top businesses in the area. Management feels the company can expand to $1 million and beyond over the next 1-3 years by pursuing untapped late night transportation market and through expanding existing affiliate network. 13 vehicles are included in the sale (A value of $238,000 according to seller). If a buyer desires, a deal can be structured to exclude some or all of the vehilces. ALL OFFERS WELCOMED!
Seller Financing:
Up to $135,000 to qualified buyers.
Year Established:
Mgmt. Training/support:
2 weeks training from owner included in sales price. More can be negotiated. One key manager will likely stay on with new owner.
Reason For Selling:
Pursuing new business venture.
Facilities:
Leases a building located in a corporate park. It is a metal building with approx. 1000 sq. feet of office. The Lease expires at the end of February 2009. This gives buyers flexibility to relocate/downsize facility if they desire.
Market:
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 Florida market has been substantially faster. The limousine and sedan segment has about 10,000 operators in the United States, according to Limousine & Chauffeur Transportation Magazine. No competitor has more than 4% share of this highly fragmented industry.
Outlook/Competition:
The business primarily competes against a handful of local operators—none of which have a significant portion of market share.
