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Limo And Party Bus Business In Richmond County For Sale

Richmond County, New York, US
Asking Price:
$695,000 (USD)
Sales Revenue:
$250,000 (USD)
Cash Flow:
$110,000 (USD)

After 27 years in business, this entrepreneur is calling it quits. He has owned and operated a high-end transportation and limousine service in Richmond County; reputedly, the Best of the Best. Sales climbed and 2019 was by far his best year in the business. While it slowed somewhat in the beginning of 2020 due to Covid, it is now returning to where it left off. Many affairs were postponed to 2021 and a backlog of about $100,000 worth of business has developed to the good fortune of the next owner. Parties, Weddings, Proms, airport and seaport destinations, it does it all. Growth and Profits are certain because it operates at a great competitive advantage.
-It helps that competition has become limited. The New York State Taxi and Limousine Commission no longer grants new TLC licenses, and this Company has three and all three are included in the sale.
-It helps that this company has an array of luxury vehicles in mint condition that seat from 8 to 35 guests and offers various seating capacities and functionalities in between.
-It helps enormously that this Company owns its vehicles outright free of debt, unlike its competition, giving it staying power and the ability to profit under the worst of all circumstances.
-It helps to have a 27-year reputation; in fact, other limousine companies send him business. His drivers are always on time and always pleasant- that is the mark of this company.
Seller seeking to retire but he will remain to help out if needed including driving if called on. Seller financing is available to a qualified buyer.

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Business Operation

Reasons for selling:

Retiring

Employees:
2FT/8PT
Years established:
1994

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

500,000.00 Down & 195k at 6% over a negotiable time frame

Furniture / Fixtures value:
$336,000 (USD)
Inventory / Stock value:
$1,000 (USD)

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