Growing, Profitable 1st Class Valet Parking Limo Svc & Shuttleing

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Business Description

Operates a growing, dynamic, privately held parking corporation POSITIONED AT THE TOP OF THE VALET PARKING INDUSTRY. The business focus is on VALET PARKING, LIMO SERVICE & SHUTTLING. Having started in Florham Park, the business has grown to become the most respected and reliable valet service in the Tri-State area. Management is dedicated to providing consistently professional parking services. The clientele is made up of a distinguished list of hotels, hospitals, restaurants, and private events arenas. The business enjoys great trust from their customers. Operations are tailored to meet the challenges of each project on a problem-free basis. Quality and reputation is the result of constant dedication to keeping customers satisfied. The business creates a great first and lasting impression. The personal touch and dedication of the owner have made the business stand out from the competition.

Parking Fees
Location 1 $55,000.00
Location 2 $50,000.00
Location 3 $24,000.00
Location 4 $27,000.00
Location 5 $6,500.00
Location 6 $16,000.00
Location 7 $5,000.00
Location 8 $5,000.00
Location 9 $45,000.00
Valet Alone $233,000.00
Shuttle $76,000.00
Directional 2018 $30,000.00
Gross Revenue $572,500.00
Management reports $33,720 expense against the above revenue.

About the Business

Location:
Morris County, New Jersey
Year Established:
2011
Number of Employees:
50
Real Estate:
Leased
Building Sq. Ft.:
1,000
Market Outlook/
Competition:
Operating at the top of the line is ahead of the competition.
Growth & Expansion:
Continue to provide best of breed service to a demanding top-notch clientele
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About the Sale

Reason For Selling:
Entering another business venture with wife
Training/Support:
As agreed upon

Listing Info

ID:
1616388
Ad Detail Views:
0
Asking Price:
$425,000

Gross Revenue:
$330,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

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

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Business Listed by

ROBERT HINKLEY

Executive Business Brokers

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Sponsoring Broker:

Larry Bodner
Executive Business Brokers

U.S. Census Data for Morris County, NJ
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 Morris County, NJ
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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