Charter Transportation Company

MI

Charter Transportation Company

Asking Price:$595,000

Cash Flow:$275,000

Gross Revenue:$1,100,000

EBITDA:N/A

FF&E:N/A

Inventory:$1,000,000*

Rate/Sq. Ft.:N/A

Established:1997

*not included in asking price.

Charter Transportation Company

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Business Description

Established in 1997, the company specializes in providing chauffeured transportation for airport, corporate and leisure travel customers. Being the dedicated exclusive carrier for the regional airport, the company has a strong customer base that includes local transportation from hotels to the airport, business clients that desire transportation for executives or groups and a strong leisure segment catering to wine tours, weddings, group travel to sporting or entertainment venues or other quality specialized trips. The company is proud to be the carrier of choice for many fortune 500 companies as well as universities, medical and prominent local businesses. The company operates a clean, modern fleet of vehicles (all 2014 or newer) including stretch limos, traditional sedans, SUV's, vans, shuttle and executive coaches. A unique opportunity to acquire a strong company with a solid service history and reputation with a quality group of employees. Seller will consider all proposals for merger or acquisition.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
22
Facilities:
Operating from a regional airport headquarters, the company leases the operating space at a rate of $850.00/mo, and is the designated exclusive carrier for this particular airport.
Competition:
This company is the designated exclusive carrier for this regional airport.
Growth & Expansion:
The market continues to improve with annual growth projected at 10% or greater for the next several years.
Financing:
Purchase of vehicles in total or selectively are in addition to asking price.
Support & Training:
The owner will provide adequate training and orientation in the business operations as part of the sale process.
Reason for Selling:
Retirement of major shareholder

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Roger Rumble

Business Listed By:
Roger Rumble

The Stratford Associates, Inc.

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