Life Member, Institute of Business Appraisers, Inc. #2652-01 American Society of Appraisers #003991 Mass. Division of Registration, Real Estate Brokers #9011538 New England Business Brokers Association, Past President, current member International Business Brokers Association Turnaround Management Association Mass. Restaurant and Package Store Associations M&A Source Association of Professional Merger & Acquisition Advisors Contributing Intermediary, BIZ COMPS©, annual business sales statistics Hall of Fame, Pratt’s Stats® sold business data base
Seeking approximately $150,000 for 15 taxi licenses. Very reasonable price considering the great upside for this business. Business is located in Medford, MA, which is adjacent to the cities of Everett & Malden where both a casino and baseball stadium are to be built. The sale will include all 15 medallions along with a fleet of 5 vehicles operating in the City and 2-3 drivers. Our expenses are in line with any other taxi operation in terms of vehicle acquisition, payroll tax, maintenance, insurance, etc. Income spreadsheets for 2014 and YTD 2015 are available for review upon request. Should be noted that Medford Taxi has been a signature name in the city for 40 years and has upheld a solid reputation. A great opportunity for someone with taxi knowledge to restore a business to its maximum profitability. Once firm buyer in place, the process is to get approval through City Council.
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