Houston, TX Chauffeured Trans--Seller Financing Available
Asking Price:
$260,000.00
Gross Revenue:
$315,000.00
Cash Flow:
Cash Flow Type:
Business Description:
Great starting place for someone who wants to buy and build a business in the $6 billion chauffeured transportation industry but does not want to start from scratch. Seller has spent 8 years establishing, organizing, and developing processes and systems. This is a great platform to begin a career in chauffeured transportation. Seller is willing to finance a significant portion of the equity portion of sale price to qualified buyer. GM is in place, however buyer may want to replace GM and take salary for his or her self, roughly $60,000 year. Ideal buyer would have ability to develop the many accounts that have not been fully penetrated or expanded. Company has wonderful reputation with customers, community (received awards) and employees. This is a 6 billion dollar industry with the capacity to enable a good manager and sales individual to take this company to the next level. Company could also be a cost effective acquisition for a local competitor who wants to grow by $300,000 in sales overnight and use seller financing to do it. Business comes with 7 vehicles. Seller estimates the equipment is worth $180,000. Please contact Charles Tenney at ctenney@charlestenney.com for more information.
Seller Financing:
Significant seller financing is available to qualified buyers.
Year Established:
2002
Mgmt. Training/support:
Seller is available for 2 weeks if needed and is included in sale price. General Manager may stay if needed. GM may be used as dispatcher or as chauffeur. Additional training may be negotiated.
Reason For Selling:
Seller ownes multiple business' and is selling this particular business to have more personal time.
Facilities:
Operates on leased facility with garage and offices. Lease is month to month and can be renewed by buyer or not.
Market:
The chauffeured transportation industry totals about 6 billion dollars annually in gross revenues, 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. Houston is one of the top 15 transportation markets in America. Seller feels that a buyer with sales experience could develop accounts. Company has made no effort to expand or penetrate accounts
Outlook/Competition:
The business has strong competitive position in the Limousine & Sedan market. Company competes primarily with a handful of local companies that are smaller with less equipment.
