Large, Highly Profitable Shared Ride and Chauffeured Sedan Service
| Asking Price: | $15,559,000 | Inventory: | |
| Gross Revenue: | $16,000,000 | Real Estate: | $1,200,000 ++ |
| Cash Flow: | $1,700,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
PRICE INCLUDES $1.2 MILLION PROPERTY. This is one of the largest and most profitable shared ride and chauffeured sedan services in the United States. The principle service is airport transfers. The company does not own any vehicles, preferring to use independent contractors. The company has no debt. The customer base is a diversified blend of corporate accounts, families, individuals and small businesses. No customer exceeds 5% of the company’s annual revenue--which was $16 million in 2007. The company employs no sales staff and advertises very little. The company has been in the chauffeured passenger transport business for many years. Many of the drivers and office employees have worked for the company for more than 10 years. Supported by state-of-the-art communications and operations software, these highly experienced and motivated employees assure service that is customer friendly, efficient, and moderately priced. 2008 forecast: Revenue $18,000,000 Cash Flow $2,300,000. 2009 forecast: Revenue $19,600,000 Cash Flow $2,940,000.
About the Sale
Reason For Selling:Seller retiring
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