Asking Price: $265,000 Gross Revenue: $300,000Cash Flow: $240,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed 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.
Unaffected by Uber, one of the oldest and finest taxi and limousine services in Hudson County is up for sale. Unlike its competition, it provides service in less than fifteen minutes all the time; its drivers know the area they cover to the block and almost to the house eliminating dependence on a GPS so there are no missed or delayed pick-ups. An experienced crew of drivers speak, Spanish, Arabic and English. It accepts cash and all forms of payment; no need for a credit card or advanced booking. After 62 years in business, this company's presence in the community and its name, reputation and phone numbers are welcomed in the community. Vehicles are owned by the company and leased to the drivers. The company provides the vehicles, licenses, dispatching, insurance, routine maintenance and social media advertising. Repair work when needed is provided by a part-timer. All else is paid for by the drivers. Owner wishes to retire. Seller financing available to a qualified Buyer. Please contact the broker.
Established Taxi and Limousine Business in Hudson County, NJ - 30853
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