Services - Local Passenger Transportation | Services - Other Travel & Transportation

Asking Price	$425,000	Inventory
Gross Income	$620,096	Real Estate
Cash Flow	$188,212	Year Established	1958
FF&E	$240,000*	Employees	9

* included in the asking price

** not included in the asking price

Premier limousine company in business over 50 years. Predominantly corporate services business, virtually all with major companies and primarily repeat business. Firm holds 11 Connecticut livery permits including inter and intra-state which are transferable as part of the sale (business can operate anywhere in and out of the state and at any time). Owner ready to retire. Fleet includes ten luxury vehicles. Sale available with or without leased (2 years left on 5 year lease with additional 5 year option) 6000 square foot modern facility. Over 200K in fixed assets including on-site service and support equipment. Full service for fleet provided by various local dealerships and service concerns throughout the area that have long-term relationships with the company. This is a very healthy and profitable business that has maintained consistent revenue numbers despite the recent downturn in the economy. Huge opportunity for growth: the firm does no current advertising or marketing and it is estimated that such efforts (even if directed only at the existing client base alone) would generate sales increases in excess of over 25%. With over 95% of revenues derived from corporate accounts, this business would be an ideal fit as an addition to a similar outfit and/or a perfect addition to a retail based concern seeking to enter the highly lucrative corporate market. Highly competent staff in place, very reasonable at-market offering price and well earned reputation for excellence in its market. Knowledgeable potential buyers will recognize this situation as an extraordinary opportunity.

Facilities: The current 6000 sq. foot facility is a modern structure in an exceptionally desirable location, includes attractively outfitted office spaces, an extensive indoor parking garage, service area and operations space in a comfortable environment. An acquirer may opt out of obtaining the premises in a lease transfer along with the transfer of ownership. The offering and/or selling price of the business shall in no way be affected regardless.

Competition: A recent customer-generated review of the industry awarded this company its top, Five Star, Best In Class rating. The following quote from one of the reviewers is indicative of the company s reputation among its peers, clients and the general public: As far as professionalism goes this firm tops them all. The fleet is pretty new and always in great condition. The drivers are always courteous, safe and caring. This company is for me, my family and business.

Growth/Expansion: This is a very healthy and profitable business that has maintained consistent revenue numbers despite the recent downturn in the economy. Huge opportunity for growth: the firm does no current advertising or marketing and it is estimated that such efforts (even if directed only at the existing client base alone) would generate sales increases in excess of over 25%.

Support/Training: Available

Reason Selling: retirement