22 years Profitable Asian Tour Bus Company for sale!

Los Angeles County, CA

Seller Financing Available
22 years Profitable Asian Tour Bus Company for  sale!

Asking Price:$1,580,000

Cash Flow:$557,870

Gross Revenue:$3,596,995

EBITDA:N/A

FF&E:N/A

Inventory:$1,032,537

Established:1992

22 years Profitable Asian Tour Bus Company for sale!

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Business Description

This is a well-managed and highly profitable Charter Bus Company. For the past 3 years, they’ve made more than half a million each year. Very clean books. They cater mainly to Asian tourists from China and Southeast Asia. They serve for Casino tours, Camp and youth groups, Sports teams, Schools and Universities etc. Business started from 1992 and built a very good reputation in the Asian community. They have a fully equipped mechanic shop on site and a full time mechanic keeps all of the buses in very good condition. The seller also owns 2 location lots for running the business and parking the buses. The fleet consists of 17 coaches and Mini Buses with total current market value of $1,834,336, in which the paid-off value is $1,032,537 up to the date of end of Feb 2016, and that is included in the Asking Price, and buyer is responsible to assume the loan balance upon closing which is around $800K by the end of Feb 2016. Owner will consider carry 10% for suitable buyer and the term of the seller financing is 12 months. The Business is SBA loan pre-approved for up to 80% of purchase for qualified buyer.

For more information, please contact wen@linkbusiness.com with Listing ID LA3742.

Detailed Information

Inventory:
Included in asking price
Employees:
32FT
Financing:
10%
Reason for Selling:
Other Interest

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Wen Chen-Karkhanis

Business Listed By:
Wen Chen-Karkhanis

LINK Business

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Sponsoring Broker:
Ronald Hottes

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