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Taxi and Limousine Business

Monmouth County, New Jersey

Asking Price: Gross: Cash Flow:
$275,000 $600,000 $140,000

Inventory Value:
$0 ( not included in the asking price)

Business Summary:
Well-established 50 year old business in a very good Monmouth County town. Seller has 18 drivers and 8 cars in use. Seller also has a file with 6,000 customers. Currently renting on a month to month basis - new buyer should be able to get a 5 yr lease + 5 yr option. $300,000 payroll consists of $80,000 for office and $220,000 for drivers.

 
   
   
Owner willing to finance: 2-3 years at prime  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Retirement  
 

 

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