Limousine Services

Los Angeles, CA (Los Angeles County)

Limousine Services

Asking Price:$248,000

Cash Flow:N/A

Gross Revenue:$500,000

EBITDA:N/A

FF&E:N/A

Inventory:$150,000*

Established:2004

*not included in asking price.

Limousine Services

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Business Description

Over the past 12-years, this company built a sophisticated clientele based on superior customer service and repeat business. The business began by working with other Limo Companies taking their overflow clients. By focusing on superior service, many of those overflow customers were converted into long-term clients. The founder retired and brought his children to run the business. The new generation had strong business background and a relationship with a number of celebrates whom they brought on as clients. The owners recognized that long-term frequent limo users were the key to generating stable revenues. They realized that in order to both attract and keep high visibility clients required concierge type service. White-glove service includes chauffeurs rather than drivers, full bars, fine glassware, remembering the specific preferences of your best clients. The company has an outstanding fleet of cars, including Stretch Limousines, Town cars, Mercedes S-550 and Luxury vans. The vehicles are not part of the business sale, but can be purchased separately from the business piecemeal if desired. The real asset of the business is their high value "Book-of-Business" and great reputation for superior service. They have both commercial customers and individuals. The client base provides a steady dependable revenue flow. This would be an ideal strategic investment for an existing Limo company looking to grow or develop a Los Ange3les operation. Many of their clients are regular air travelers to destinations you may already be located in; thereby providing an opportunity to capture customers on both legs of an air trip. Strategic buyer would likely find much of the current overhead to be redundant and therefore could generate even more net profit from the existing current gross revenues. The owners' motivation for selling is the desire to pursue their original career passion. For more information, please visit www.SunbeltCa.com to print or complete a Confidentiality Form online and contact Cory Winick at 818-620-8091 or 818-435-8831 and CWinick@SunbeltCa.com

Detailed Information

Inventory:
Not included in asking price
Employees:
10
Reason for Selling:
Back to nursing

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Cory Winick

Business Listed By:
Cory Winick

Sunbelt Business Advisors

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Sponsoring Broker:
Massoud Javadizadeh

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