Limo Bus & Shuttle Bus - Seller Financing

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
Black Bus Exterior

Asking Price:$160,000

Cash Flow:$125,000

Gross Revenue:$303,000

EBITDA:$210,000

FF&E:$200,000

Inventory:N/A

Established:2009

Limo Bus & Shuttle Bus - Seller Financing

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Business Description

Over $1.2 million total in Hampton Roads bus rentals.

We have done thousands of bus rentals over the years totaling over $1.2 million. Current owners are looking for a new owner to take our business to the next level, and will offer up to 50% seller financing!

We are selling the business for what all of the vehicles cost us brand new. The vehicles are a couple of years old; however you are getting 7 years of customers good will, exceptional business credit, all the best vendors we have painstakenly found. Our top vendors include:

* Best bus mechanics in town
* Best audio / video company in town
* Best bus insurance at the best price
* Best Workers' Compensation insurance at the best price

You could start a business yourself and learn the hard way or benefit from our years of hard work. We also have the following assets:

* Rental contract reviewed by lawyer and used for years
* 2 Top Ranking Websites - updated recently and mobile friendly
* Online Quote & Reservation System
* Customer Database with all historical customers, quotes, and bookings

The transportation industry requires compliance with various entities. We have the following, not to mention having a perfect safety record since starting in 2009.

* S Corporation pass through earnings
* Business License with the city of Virginia Beach
* Virginia Operating Authority (lengthy application process & approval takes 6 months)
* DOT licensed for operating across state lines
* 8 drivers with Commercial's Driver's licenses
* 50 Page DOT Driver Safety Program
* Drug Testing Facility Relationship

We have separated out the cost of the business $160,000 from the cost of the vehicles $200,000 because we are open to selling them separately. The cost for both the business and the vehicle fleet is $360,000.

Detailed Information

Inventory:
Included in asking price
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 late model buses that cost $360,000 new. Buses being sold in great condition for $200,000 in addition to the $160,000 business price. (Home Based)
Financing:
Up to 50% Seller Financing!
Support & Training:
Transition and training will be provided by current owners.
Reason for Selling:
Looking for new owners take the company to the next level!
Home-Based:
This business is Home-Based

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