36 y/o Party Bus & Limo Biz! 850k in Vehicles w/ no Debt!

Asking Price$1,600,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$750,000

Inventory$5,000
Included in asking price
FF&E$850,000
Included in asking price
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36 y/o Party Bus & Limo Biz! 850k in Vehicles w/ no Debt!


Asking Price$1,600,000

Cash Flow
$250,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$750,000

Inventory$5,000
Included in asking price
FF&E$850,000
Included in asking price
Business Description
36 Year Old Party Bus and Limo company based in Monmouth County with 11 vehicles, including 7 luxury party busses. There are currently 16 drivers on staff. Annually, they do over 800 trips per year, averaging $900 per trip. They only cater to local special occasion events, which are more profitable and helps keep low mileage on the vehicles. Since they don’t do last minute airport runs and special occasions are booked far in advance, scheduling the drivers is simple. The other component that makes this business easy to manage is that most trips are booked online via the LimoWiz software, which provides complete dispatch, billing, A/R, maps, credit card processing. The business has a strong reputation as it has serviced over 19,000 weddings! Price includes 11 vehicles, with a market value of 850k with no debt on them. 10 of the vehicles have less than 60k miles on them!
About the Business
Years in Operation
37
Number of Employees
2
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
400
Rent
Not Disclosed
About the Sale
Seller Motivation
Retirement
Listing Info
ID
2168886
Listing Views
1094

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Business Listed by: Elliot Dweck Transworld Business Advisors of TriCounty

Listing ID: 2168886 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. See our full Terms of Use. Learn how to avoid scams.