Asking Price:

$1,200,000

Gross Income:

$750,000

Cash Flow:

$200,000

FF&E:

$5,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1997

Employees:

4

Business Types:

Passenger Transportation
Other Personal Services

* included in the asking price

Business Description

The business is a full service, direct to client, Limousine service in the Memphis area with 2011 sales at the $700,000 level, generating $200,000 for the owner. The business opened in 1997 and has been owned by seller for 15 years. Housed in a company owned 6,300 square foot building, the company has 16 limousines of varies types including stretch limos, Hummers, SUVs, buses, etc. The company caters mostly to Weddings, Proms, Special events like Elvis week, and some corporate clients. An ambitious new owner could target additional corporate accounts to increase revenues. The company sales effort, over the last 15 years, has focused on sales growth through multiple customers, and therefore is not dependent on a few large volume accounts.

Detailed Information

Competition:

Many of the events that promote limousine service occur year after year. Wide variety of limo vehicles to accommodate various group sizes Great potential for growth in corporate accounts Great internet presence to attract new customers

Growth/Expansion:

Great growth potential to right buyer. Corporate accounts could be marketed.

Support/Training:

4 weeks

Reason Selling:

try another business venture.

Broker Information

Richard Reed

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