Services - Local Passenger Transportation

Asking Price	$65,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	2008
FF&E	$35,000*	Employees	0

* included in the asking price

** not included in the asking price

Asheville is a popular tourist destination, not only for the mountains scenic attraction and the magnificent Biltmore Estate, but for the lively, eclectic and progressive downtown with its historic architecture and artsy vibe. The entrepreneurial founder of this company spotted a market niche for an environmentally friendly specialty transportation business to shuttle tourists as well as locals around the small city. With two electric shuttle vehicles, a nice website and lots of guerilla marketing, this company has achieved remarkable visibility and is poised for growth, but the founder has neither the time nor capital resources to take the company to the next level since has a full time job and he started this in his spare time with a home equity line of credit. Revenue sources include rental revenues collected from the drivers who operate as independent contractors as well as advertising revenues from signage on the vehicles. We are looking for a buyer with the business savvy and resources to expand upon the founder s vision.

Facilities: The primary physical assets of the business are two electric shuttle vehicles.

Competition: Company competes to some extent with traditional taxis and sightseeing buses, but is essentially unique, being the only electric vehicle shuttle service.

Growth/Expansion: The company is in its second year of business and current owner does not have sufficient capital resources to grow the business further. He suggests that acquiring a rapid charger to allow more up time for the vehicles and perhaps a four seater would be his first priority if he had additional capital.

Support/Training: Will provide up to three months support and training as part of sale price.

Reason Selling: Seller is unable to commit additional time and resources to business