Services - Local Passenger Transportation

Asking Price	$100,000	Inventory	$100*
Gross Income	$322,115	Real Estate
Cash Flow	$17,051	Year Established	1993
FF&E	$22,915*	Employees	10 pt

* included in the asking price

** not included in the asking price

This taxi service business has been around for 15 years. They have recently raised rates, introduced a senior prgram, and are increasing their medical runs through medicare which will increase profitability. This turn-key operation is ready to go and you don't have to replace the cars. From a Regional perspective, the Northern Nevada area comprised of Reno, Sparks, Carson City and Lake Tahoe is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. This high desert region nestled at the base of the Sierra Nevada mountain range is consistently ranked as one of the top places in America to live and do business because of its diversified economy, desirable climate, and quality of life. In quality of life studies, Men's Journal Magazine ranked Reno eighth among America's "50 Best Places To Live" and Cities Ranked and Rated Magazine named Reno ninth out of 331 cities among the best places to live. As a State, Nevada is also highly regarded. For example, Nevada was recently voted the best small business state in the country by the Washington-based Small Business Survival Committee. Secondly, The Small Business Survival Index 2007 ranked Nevada second best in the nation for small business and entrepreneurship. Thirdly, The Center for Women's Business Research ranked Nevada third in the nation for growth in Women-owned firms. From a Business perspective, Forbes Magazine ranks Reno 25th out of 150 cities for doing business. The Forbes/Milken Institute ranks Reno 26th out of 200 cities in their study "Best Performing Cities: Where America's Jobs Are Being Created".

Facilities: Facility is currently a month to month lease at $325 per month and rent includes utilities.

Competition: Only taxi service around and hauled 33,000 passengers each year.

Growth/Expansion: Recently just raised rates from $2.10 to $2.50, $0.46 every 1/6 of a mile and $23 an hour waiting charge should improve profitability. There is more industry coming into Fernley and the Tracy Clark area.

Financing: $50,000 down and $742.47 per month for 84 months.

Support/Training: 2 to 3 weeks

Reason Selling: Retirement