Chicago Area Sedan, Bus & Limo Company with Repeat Business--SOLD
Asking Price:
$160,000.00
Gross Revenue:
$660,000.00
Cash Flow:
Cash Flow Type:
Business Description:
The company has been providing excellent, dependable chauffeured transportation service for many years for all occasions: corporate meetings/airport transfers, weddings, special events, etc. The company's loyal customers include but are not limited to meeting planners, tour operators, law firms, major corporations, manufacturers, travel agents, colleges, casinos, and many business travelers. The seller estimates that approx. 65% of company sales come from repeat customers. The company has a terrific website that is responsible for producing a significant portion of revenue. The company maintains virtually no on-going advertising expense. The company uses very effective reservation software--Trip Tracker.
The company differentiates itself from the competition by providing out-of-town bus and limousine work. The company maintains a deep commitment to customer service and has a highly experienced staff. Some chauffeurs have been working with the company for as long as 11 years. All office staffers have been on board for a minimum of 3 years. Company has a tremendous reputation for professionalism at every point of service. The fleet consists of 9 vehicles and can be included in the sale for an additional $190,000 or purchased individually. *The $660,000 figure is the 2008 sales total. Sept 08 -Jan 09, the company has averaged $45,000 revenue per month. The last quarter of 2008, the company averaged approx. 166 Sedan trips, 47 bus/mini-bus trips, & 79 limo trips per month. TIME IS OF THE ESSENCE!! ALL OFFERS WILL BE SERIOUSLY CONSIDERED.
Seller Financing:
Up to $130,000 can be available to qualified buyers who provide down payment. If buyer purchases 1 or more vehicles, up to $160,000 may be available in seller financing.
Year Established:
Mgmt. Training/support:
Sufficient training available to buyer. Seller's commitment will depend on what the buyer needs.
Reason For Selling:
Seller has accepted high paying corporate job. Needs to sell business quickly.
Facilities:
Market:
The Industry: Chicago is one of the largest markets in the United States for conventions, business travelers and tourists. The $6 billion U.S. Chauffeured Transportation industry has grown about 6% annually since 2003. The limousine and sedan segment has about 10,000 operators in the United States, according to Limousine and Chauffeur Magazine, and no competitor has more than 4% share of this highly fragmented industry
