Central Texas Charter Bus & Airport Shuttle Business

| Asking Price: | $167,000 | Inventory: | |
| Gross Revenue: | $1,320,000 | Real Estate: | n/a |
| Cash Flow: | $359,654 (comments below) | FF&E: | $1,528,000 ** |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Seller | |||
This is a solid charter bus and scheduled airport shuttle business primed for growth in Texas. The purchase price does not include 13 vehicles valued at $1,528,000. The business maintains several lucrative contracts with schools, universities, churches, etc. Some of these contracts have been in place for years. The business is well organized and well documented. The motor coach/charter bus industry is growing. During the year 2007, motor coaches carried about 860 million passengers throughout the U.S. and Canada -- substantially more than commercial flights and Amtrak combined -- and with a better safety record. The business for sale maintains an impeccable reputation in the community and with its customers—as demonstrated through several loyal accounts. It provides top notch charter bus, casino trip, airport shuttle, and other customized transportation services. The business fleet consists of motor coaches, mini-vans, and vans. If you are interested in the transportation industry, an industry that plays a critical role in so many of life’s most important and memorable moments, this could be the company for you. The owner projects to finish 2008 with $1,103,000 in sales. Between the financing the vehicles will qualify for and the financing the seller is offering, a buyer can purchase this business with very little cash. Please contact Spencer Tenney at stenney@charlestenney.com for more information.
About the Business
Year Established:1997
Employees:6 full time - 27 part time
Facilities:Operates on six (6) acres of land approximately. Steel Building with 2500 sq ft. of office and 2000 sq ft of garage space. Large concrete pad for bus parking. The owner current leases the facility for $2,400 per month.
Market Outlook and Competition:The chauffeured transportation industry totals about 6 billion dollars annually in gross revenues, according to LCT Magazine. The industry is growing at a rate of about 6% per year. The industry is fragmented with no single company commanding more than 3% of the industry's revenues. The business has strong competitive position in the airport shuttle market. It competes primarily with a handful regional charter bus companies. It maintains strong local relationships.
About the Sale
Reason For Selling:Retirement
Seller Financing:Up to $100,000 available in seller financing for qualified buyers.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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