Priced To Sell: High Volume Profitable Limousine Company

Business Summary:
Well established limo company located in Morris County with an excellent reputation. Great service results in a high level of repeat business. Corporate customers represent about 80% of the business consisting primarily of airport runs and trips to New York. Great opportunity for an existing company to expand. 10 vehicle fleet valued at $217k includes 4 Lincoln Town Cars, 3 Lincoln MKT’s, 1 Suburban, 1Van and 1 Mercedes. Low annual rent agreement ($10,868) if buyer chooses to keep current headquarters. Office staff is a 3FT & 2PT dispatchers and clericals and full time owner operator who does some driving and wants to retire. Cash flow assumes full time owner operator. Additional cash flow exists if purchased by an existing company. Asking price does not include the fleet which can be purchased separately. The business is offered at $495,000 with a down payment of $385,000 and the seller will finance the $110,000 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.