Transportation of Pre-Arranged Black Car Service for Executives: Niche in Airport Passengers

Business Summary:
This company’s primary clients are corporate/business travelers with prearranged car service to and from the airport. This makes up 70% of their revenue. An additional 15% comes from black car or limo service, which take professionals to and from meetings or are booked by a luxury hotel concierge service for their guests. The last 15% is from the school transport division, which takes students to field trips or after school activities. Not everyone wants to use a ride share app such as Uber or Lyft, and before ride share, not all people wanted to use a taxi, which is why for more than 25 years, this luxury transportation and black car service business has withstood the test of time! The company is located in Tampa and operates in about a 50-mile radius. The team consists of 1 Customer Service Manager, 1 Customer Service Rep, 1 Dispatch Manager, 1 Mechanic, and 40-50 contract drivers. The owner is only responsible for general oversight. In the purchase of this business is 15+ vehicles, including luxury sedans, luxury SUVs, executive vans, SUVs, minivan, passenger van valued at $332,000. The owner is ready to “turn over the keys” to the next owner so he can ease into retirement while he stays on board for 1 year during a transition period. This business is priced at $950,000. The owner is willing to carry 15% of the note, showing a vested interest in the ongoing success of the company. There is also space to expand service into non-emergency medical transportation.