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Airport Limousine Service - Cash Flows at $271k

CO

Top Notch Limousine Service
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Asking Price: $750,000

Cash Flow: $271,000

Gross Revenue: $372,000

EBITDA: $271,000

FF&E: $181,000

Inventory: $5,000

Rent: $100 /Month

Established: 1989

Airport Limousine Service - Cash Flows at $271k

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Business Description

Non-Emergency Medical Ground Transportation Business

Well established, high-end airport ground transportation business based on-field at a regional airport serves a wealthy market and is relied upon by major air charter and medical service providers. The business also serves the off-road back-country tour market.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
2/26/2027
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
On-airfield maintenance and storage facilities for current fleet of 6 vehicles with fuel tanks, expandable to 10 vehicles.
Competition:
The business is the dominant player at this particular airport which serves wealthy mountain resorts and competes successfully throughout much of Colorado. The challenge in this line of business is maintaintaining a crew of exceptionally professional drivers.
Growth & Expansion:
The business is based at one airport and enjoys a top-notch reputation. The business model could be replicated across Colorado and potentially nationwide.
Support & Training:
Owner would like to remain the "face and voice" of the business, answering phone calls and responding to emails, but would like to relinquish business and administrative responsibilities. Buyer and seller would arrange a continuing employment/consulting agreement for this purpose.
Reason for Selling:
Time to scale back on business ownership responsibilities.
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(from currently available funds)
 
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John Hornblower

Business Listed By:
John Hornblower

VR Business Brokers Aspen, CO

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