The company’s customer foot print reaches across the entire United States. The company produced $1,700,000 in sales in 2008. The customer list is made up of fortune 1000 companies, hotels, sports organizations, conventions, and government organizations. The present economy is expected to impact good bus companies in a positive way as corporate and leisure buyers will save money by using buses to drive the cost per individual meeting attendee down drastically. Customers will be pulled down from those who normally use, limousines, luxury sedans and other luxury types of vehicles.
The fleet includes 19 vehicles, motor coaches, minibuses, vans, and sedans. The vehicles can be purchased individually, collectively for $1.4 million, or not at all. An experienced professional staff is backed up by a state of the art industry specific computer system used for reservations, dispatch, fleet management and management reporting.
The largest customer produces only 12% of revenue and the top twenty accounts produce about 50% of total revenue annually. The company has established a solid reputation for thoroughly professional “24/7” customer service, and the ability to handle diverse transportation needs. There have been little sales and marketing activities beyond one outside sales person, a moderately optimized website and some limited inside sales activities.
Seller Financing:
$600,000 and generous terms available to qualified buyers.
Year Established:
1996
Mgmt. Training/support:
Reason For Selling:
Seller can not refuse offer from corporate world.
Facilities:
The facility is leased and can be leased by new owner and landlord will consider selling property.
Market:
The chauffeured transportation industry totals about 6 billion dollars annually in gross revenues. The limousine and sedan segment has about 12,000 to 14,000 operators in the United States according to LCT Magazine. The industry is growing at a rate of about 6% per year. The industry is fragmented with no single company commanding more than 3% of the industries revenues. Although the company only operates 8 motor coaches, during the year 2007, motor coaches carried about 860 million passengers throughout the U.S. and Canada -- substantially more than commercial flights and Amtrak combined -- and with a better safety record.
