Six Taxi Medallions $45,000 each in Morris County

Morris County, New Jersey

Business Summary: Taxi/Limousine Company selling six Taxi Medallions as a package or separately, servicing an upscale community with no additional medallions available. Town strictly enforces rules prohibiting outside taxi solicitations, protecting the business. Previous services included transportation to airports, train and bus stations, businesses and others. Taxis are not included. Great opportunity for either an individual or for a taxi company to expand. Owner very motivated to sell. All offers will be considered. Medallions are offered at $270,000 for all six medallions. For further information, call broker Paul Holveck at 908-851-9040.
Year Business was Established: 1995
Competition: No additional medallions will be available on this market.
Owner willing to train: Seller will provide assistance to facilitate transfer of licenses.
Reason for selling: Owner wants to concentrate on existing limousine business.