Transportation Business For-Sale

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
Vehicles - Exterior
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Asking Price: Get Financing: $200,000

Cash Flow: $149,700

Gross Revenue: $240,000

EBITDA: $173,000

FF&E: $200,000

Inventory: N/A

Established: 2009

Transportation Business For-Sale

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Business Description

Over $1.5 million total in Hampton Roads bus rentals.

We have done thousands of bus rentals in 7 years of business totaling $1.5 million. We have done over $1 million in rentals in the last 4 years. Current owners are willing offer up to 50% seller financing!

The purchase price is the current value all 3 of our buses, the business is conveying at no additional cost. We are structuring this deal in an open and flexible way. We have 3 late model buses that have been maintained very well that we purchased for $350,000. We are selling the business including three buses for $200,000. We could possibly liquidate the buses (hard assets) separately from our business , but would prefer to sell everything together.

* 2 Top Ranking Websites - updated recently and mobile friendly. We get on average of 300 unique visitors per day to our websites. We dominate the search results for all local “bus rental” local searches, many times our websites appear 5 times or more on the first page results. To create & market comparable websites would cost easily $50,000 - $100,000 and take several years to rank as highly for as many keywords.
* Established vendor accounts with vehicle mechanics, audio/video companies, mobile detailing, drug testing facility, and more.
* Rental contract reviewed by lawyer and used for years
* Online Quote & Reservation System. Customers can automatically book reservations online without needing to speak to a representative.
* Customer Database with all historical customers, quotes, and bookings for thousands of rentals and customers.
* Over 10,000 Facebook followers!
* We are the only local bus rental company with a 5 star review on every major customer review website.

The transportation industry requires compliance with various entities. We have the following, not to mention having a perfect safety record since starting in 2009.

* DOT Fleet Safety Program (31 pages)
* Liability / Collision insurance policy through Nov 2018.
* S Corporation pass through earnings
* Business License with the city of Virginia Beach
* Virginia Operating Authority (lengthy application process & approval takes 6-12 months)
* DOT licensed for operating across state lines. Requires safety audit with Virginia State Police.
* Operations Manager & several drivers with Commercial Driver's licenses trained, drug tested, and vetted.

Attached Documents

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
3 late model buses that cost $360,000 new. Buses being sold in great condition and are include in the price. (Home Based) (Home Based)
Up to 50% Seller Financing!
Support & Training:
Transition and training will be provided by current owners.
Reason for Selling:
Looking for new owners take the company to the next level!
This business is Home-Based
Business Website:
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Business Listed By:
Shaun and Sara O'Toole

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