Asking Price: $670,000 Gross Revenue: $2,095,371Cash Flow: $391,292 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $14,770 included in asking priceFF&E: $443,284 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.
When the first commercial flight landed at Roanoke airport in 1948, this family-owned business had a vehicle there waiting to serve the airport! This family has owned and operated two ground transportation businesses that have served the metropolitan Roanoke area starting in 1933 with a Taxi Cab Company and then an Airport Transportation Service in 1958. This company operates a taxi service 24/7/365. The Transportation Service meets all scheduled flights into Roanoke from a counter located inside the airport. Both companies service the growing need for non-emergency medical transportation locally and throughout the state.
This sale includes approximately 30 taxis that are leased to contract drivers on a daily, weekly, or monthly basis. Most vehicles are 4-5 years old and are meticulously maintained at the onsite facility. Another 30 sedans and vans are used by W-2 drivers on the ground transportation side.
About the Business
Roanoke city County, Virginia
Number of Employees:
45 FT/50 PT
Real Estate is available with sale at an asking price of $860,000 and will be represented by Poe & Cronk Real Estate. The 1.2 acre property is perfectly suited for this business. Located just 6 minutes from the airport, this 6600 sq ft facility contains administrative spaces and driver lounge, as well as 3 full-service mechanical bays with 2 lifts and an onsite car wash.
Despite the emergence of ride-sharing services like Uber and Lyft, both elements of this company continue to thrive. In this community of over 300,000 people, there continues to be strong demand for reliable ground transportation for individuals and groups. The company enjoys long-standing relationships with several companies and universities in the region.
Two other companies service Roanoke airport, but they lack the scale and reputation of this company.
Growth & Expansion:
Due to its excellent location, moderate weather and low cost of living, this area of Virginia continues to grow in popularity. The airport services universities like Liberty and Virginia Tech which continue to grow and drive increased demand. There is ample opportunity for a new owner to exploit this growth by adding new services and expanding into outlying regions.
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