Charter Bus Transportation Services

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Established profitable operation with growth potentials!

Business Description

This is an established Charter Bus full service operation. The current owners have been involved for more than 30 years and built up a solid brand. It has earned a reputation as the most reliable and trusted provider of charter bus services in the industry.
The business caters to Private Charter, Sporting Events, Party Transportation, Corporate Events & Shuttle Services.
It is in good standing with and has all the California and Federal certifications for the operation which includes TCP, EPN, MC & DOT licenses.
The DBA brand is held by California S Corporation.
The price includes the company's capital assets of $3,311,000 and a debt of $750,000.
Seller will payoff the debt at closing of escrow. The EBITDA is 36% of the gross sales.

About the Business

Year Established:
1988
Number of Employees:
20FT/2PT
Relocatable:
Yes
Real Estate:
Owned
Building Sq. Ft.:
2,065
Facilities:
The business is strategically located in the Covina Area in Los Angeles County servicing the Los Angeles Five-County area (Los Angeles, Riverside, Ventura, Orange and San Bernardino). It operates out of its own 2400 SF office building and an half acre parking facility for its fleet of vehicles.
Market Outlook/
Competition:
Eighty percent of the industry is dominated by operations with 9 or less vehicles. The subject company has 17 vehicles and it has a competitive edge because size is advantageous in this industry.
Growth & Expansion:
The inbound business is growing as the economy has been recovering. Key export countries like the UK, China, Japan, Germany & Korea (Canada & Mexico still remain the largest group of tourists) have remained the loyal repeat customers to attractions in Southern California.
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About the Sale

Reason For Selling:
Personal
Training/Support:
Owners willing to provide management training and support for two weeks to the buyer after closing of Sale/Purchase transaction. Seller is open to Contract Consulting &/or Employment/Service Contracts after the training period.
Seller Financing:
Real Estate salable upon best pricing offer

Listing Info

ID:
1543711
Ad Detail Views:
215
Asking Price:
$5,500,000

Gross Revenue:
$2,750,000
Cash Flow:
 Not Disclosed
EBITDA:
$1,000,000
Inventory:
$201,000
not included in asking price

FF&E:
$3,311,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Peter Kho

BIR Business Brokers

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Sponsoring Broker:

Henry Miller
BIR Business Brokers
License# 1441032

U.S. Census Data for Los Angeles County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Los Angeles County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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