Business Description: |
Company has been in business over 15 years. Founder still manages company. Company has already ‘right-sized’ staff and removed excess management layers to thrive in current economic environment. Company customers include: Corporations, Business Travelers, Meeting and Events, Music - Entertainment and Hotels. Company has four revenue segments: business travel and events, contract services, out of town revenue via national network, and a special services division that generates about $500,000 annually. Business is staffed 24/7. Management has spent little on sales and marketing. Company utilizes some trade arrangements for advertising. Seller suggests a professional sales team could create rapid growth.
Customers consist of about 2000 Companies and Accounts. Top 25 customers consistently produce $1,800,000 annually. Three largest accounts produce 13%, 7% and 4% of annual revenue respectively. Company will reach about $3.5 Millon in revenue equaling about 20,000 individual trips. Service levels are high and pricing is competitive with the larger operators in market served.
Company operates a diversified fleet valued at about $450,000. Fleet averages 25 vehicles of mostly 2008, 2007 models with some 2006s. Most are equipped with GPS and Drive Cam. Chauffeurs are all employees. Change of ownership is not expected to cause an increase in employee turnover ratio, which is very low by industry standards.
Facility could support as much as $20 Million in annual sales. In early 2008, management purchased one of the top industry software packages to manage all operational, reporting and management activities.
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