Well Established Profitable Limousine Company

Business Summary:
Well established Limo Company with an impeccable record of service in Northern NJ. Has many well known corporate customers representing 75% of the business with the balance individuals. Attention to service results in 95% repeat customers. Business is primarily airport runs and trips to New York. Great opportunity for an existing company to expand their business. Twelve vehicle fleet includes 2 Lincoln Town Cars, 5 Lincoln TC Limos, 3 SUVS, 1 Van and 1 Stretch. Low annual rent agreement ($14,400) if buyer chooses to keep current headquarters. Current office staff consists of a full time and a part time dispatcher and the full time owner operator who wants to retire. Cash flow assumes business is purchased by an existing company. Cash flow is approximately $60,000 less for an individual buyer. Asking price does not include the fleet (valued at $174,000) which can be purchased separately. The business is offered at $395,000 with a down payment of $295,000 and the seller will finance the $100,000 balance for qualified buyers. The owner is retiring but will provide support to insure a smooth transition. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.