Asking Price:

$3,900,000

Gross Income:

N/A

Cash Flow:

$790,000

FF&E:

$1,200,000.00 *

Inventory:

N/A

Real Estate:

$350,000.00 **

Year Established:

1994

Employees:

N/A

Business Types:

Passenger Transportation
Other Travel & Transportation

** not included in the asking price

* included in the asking price

Business Description

High volume, well run transportation business, located in Charlotte NC - home of the 2012 National Democratic Convention. The economic impact of this convention is estimated at $150,000,000 and 30,000+ new Visitors to Charlotte.

This is one of the most well established, reputable transportation service companies in the Southeast. 2011 Sales are UP 11%.

Included in the sale are 60 vehicles in full service, with an additional 14 cars/vans on stan by - ready for service. This Seller owns 100 Transportation Permits, which are issued by the city, and extremely valuable. These alone, are worth their weight in GOLD!

Eight Dispatchers, Two Mechanics, and One Secretary handle the day to day operation of this 24 hour a day business. The Owner is not "Hands On" on a daily basis.

All records, financial documents and verifications, will be provided after an offer to purchase is accepted by the Seller, and provided during the due diligence period. Financial Statements will be required from all prospective Buyers.

To request an NDA, please click on contact Seller.

Detailed Information

Facilities:

The business is being offered with the Real Estate, which includes two buildings - 5800 square feet on .57 Acre, located in a centralized area of the city. There is a full service garage on premises, with two mechanics on staff.

Competition:

Typical of metropolitan areas.

Growth/Expansion:

The business has 14 stand by cars and vans, which are street ready. These vehicles are ready for the increase in business which will be generated by the National Democratic Convention in 2012.

Support/Training:

Seller will provide thorough training.

Reason Selling:

Other Business Interests