Contract & Charter Local Bus Service Plus Executive Sedan
| Asking Price: | $5,000,000 | Inventory: | |
| Gross Revenue: | $14,100,000 | Real Estate: | n/a |
| Cash Flow: | $3,100,000 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: Seller Descretionary | |||
This company is one of the largest diversified providers of passenger ground transportation service in Texas. With revenue of $14 million and adjusted cash flow of $3.1 million in year 2009 projected, the company has contracts and capacity in place to facilitate significant growth. Management estimates the market value of tangible assets to be approximately $11 million, excluding the real estate.
The company’s experienced professional staff is supported by a state of the art industry computer system used for reservations, dispatch, fleet management and management reporting.
The majority of the company’s revenue is derived from contracts with an average contract life of about six years. Customers include corporations, county and city governments, civic organizations, colleges, and schools.
FINANCIAL HIGHLIGHTS
2008 est.
Sales $14,100,000 Adjusted Cash Flow $3,260,000
2009 est.
Sales $15,000,000 Adjusted Cash Flow $4,000,000
DEAL STRUCTURE*
Stock transaction: Equity price $5.0 Million.
Assume interest bearing debt of $4.8 Million
And assume operating leases: capitalized value of $7.5 Million
--*Seller is willing to consider financing part of this transaction
The company’s experienced professional staff is supported by a state of the art industry computer system used for reservations, dispatch, fleet management and management reporting.
The majority of the company’s revenue is derived from contracts with an average contract life of about six years. Customers include corporations, county and city governments, civic organizations, colleges, and schools.
FINANCIAL HIGHLIGHTS
2008 est.
Sales $14,100,000 Adjusted Cash Flow $3,260,000
2009 est.
Sales $15,000,000 Adjusted Cash Flow $4,000,000
DEAL STRUCTURE*
Stock transaction: Equity price $5.0 Million.
Assume interest bearing debt of $4.8 Million
And assume operating leases: capitalized value of $7.5 Million
--*Seller is willing to consider financing part of this transaction
About the Business
Year Established:1991
Employees:120 full time - 30 part time
Facilities:The facility is owned by seller. It can be purchased or leased from the seller.
Market Outlook and Competition:The immediate local market size has been estimated by industry experts to be $220,000,000.The client/founder of almost 20 years has grown from a “Mom & Pop” business to become one of the top five transportation providers in the local passenger transport market, which is expected to continue to substantially outperform the national market. This prediction is partially based on the Texas oil and gas industry which has pushed Texas forward while much of the nation is struggling.
About the Sale
Management Training and Support:Seller will stay up to six months. 2 weeks included in price
Reason For Selling:Seller is retiring and liquidating assets.
Seller Financing:Available to qualified buyers. Seller will consider 50% of the $5mm equity portion
KEYWORDS: bus company, transportation, business services, taxi, limousine, houston, texas,
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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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