Asking Price:

$2,200,000

Gross Income:

$2,700,000

Cash Flow:

$400,000

FF&E:

$800,000.00 *

Inventory:

$200,000.00 *

Real Estate:

$800,000.00 *

Year Established:

1941

Employees:

64

Business Types:

Passenger Transportation
Other Travel & Transportation

* included in the asking price

Business Description

Charter and commuter bus service serving Washington, DC and Northern Virginia. Well-known and well-established business has served the area for many years. The business serves all aspects of the market-chartered tours, local and regional events, and monthly commuter service. Operates out of a large facility in a prime location off Interstate 95. Full time drivers are well trained and reliable. Buses are well maintained. FFE includes 41 buses valued at $700,000. Seller will consider selling business without the real estate for $1,400,000. Seller would offer a long term lease or financing for the real estate. Business doing extremely well.

Detailed Information

Facilities:

Business includes business office, bus parking lot, and large repair facility. The building is 7,300 sq.ft. Seller will consider selling the business without the real estate for $1,400,000. Seller would offer a long-term lease for the real estate.

Competition:

It is located on a 2 1/2 acre lot in a northern Virginia city on a major interstate near Washington, D.C. Transportation provided 7 days.

Growth/Expansion:

The business is well positioned for future growth. Absentee owner has not aggressively marketed the business in recent years.

Financing:

Seller will consider selling the business without the real estate for $1,400,000

Reason Selling:

Partial retirement. Seller owns another bus company in a different market.