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. Seller will payoff all debt at closing of escrow. Buyer to assume Vehicle leases. The EBITDA is 36% of the gross sales.
This Business Opportunity is eligible for SBA 7(a) Pre-Approval Loan of up to $4.8 Million with BankUnited subject to Buyer qualification.
About the Business
Number of Employees:
Building Sq. Ft.:
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.
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.
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.
Real Estate salable upon best pricing offer
Ad Detail Views:
Asking Price: $5,500,000 Gross Revenue: $2,750,000Cash Flow: $1,000,000EBITDA: $1,000,000Inventory: $201,000 not included in asking priceFF&E: $3,311,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
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