Richland County, OH Limo and Passenger Transportation Businesses For Sale

Limo and Passenger TransportationOhioRichland

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Charter Coach Service
$3,079,000Cash Flow: $183,000
Charter Coach Service

Lexington, OH

Privately owned Charter Coach Service, located in Ohio doing business since 1920. There are 8 First Class Motor Coaches,one is brand new,4 of which are owned outright. There is a maintenance facility with an excellent onsite mechanic, to include all equipment necessary for continued operations. The company enjoys a solid track record with the State Patrol and Governing Regulations bodies. There are two buildings and large parking lot, i.e.base operations and Bay. The land and buildings are included in the asking price. There can be a lease of the property as an option. Clients include several colleges that provides a solid customer base. 70% of sales come from direct from the public and 30% from tour operators. Top Destinations are NY, D.C., Chicago, Nashville, Louisville, Cleveland and Columbus. The company strictly charters, does not put trips together. Putting trips together is a future growth strategy, as there are fewer travel/tour agencies. This will mean higher margins and revenues. Over the past several years, many smaller travel agencies and bus companies have ceased operations. There seems to be an opportunity to combine bus operations with a dedicated travel agency, to market to a growing population of student and senior travel groups. Someone with the background and drive could expand into the travel business and triple the company's market. With the company’s excellent safety and maintenance records and diversity of clients, the base for expansion is already in place. Purchase Price Breakdown: Total Equipment Value, buses and equipment: $1,430,000 Land & Buildings: $500,000 Business: $500,000 Debt Free: $649,000


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