Landmark Virginia Taxi and Ground Transportation

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Well-established turn-key business . . . pre-approved for SBA financing!
Asking Price:
$670,000

Gross Revenue:
$2,095,371
Cash Flow:
$391,292
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$14,770
included in asking price

FF&E:
$443,284
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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

Location:
Roanoke city County, Virginia
Year Established:
1948
Number of Employees:
45 FT/50 PT
Relocatable:
Yes
Facilities:
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.
Market Outlook/
Competition:
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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About the Sale

Reason For Selling:
Owners are retiring.
Training/Support:
Will train for 2 weeks @ $0 cost.
No special skills or certifications required.

Listing Info

ID:
1656292
Ad Detail Views:
0

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Business Listed by

Michael Metzger, CBI

Murphy Business & Financial Corporation, LLC

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