Limo Service: High-end Hotel Contracts & Referral Model

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Lim Service: High-end Hotel Contracts & Referral Model
Asking Price:
$1,000,000

Gross Revenue:
$1,274,026
Cash Flow:
$451,027
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This 11-year old Limousine Company has grown exponentially since inception and is now available for a new owner or competitor to take it to the next level.

This business has seen Year-Over-Year growth of Revenue and in 2018 the business generated $1,274,026 million in annual sales revenue and produced $451,027 recasted net cash flow for its Owner.

The business competes based on providing a very high level of service in the hired transportation business. Current customer type breakdown is 80% Hotel and 20% Private clients. There are limited customer concentration issues, with no hotel accounting for more than 25% of the revenue. Opportunity for expansion to begin servicing Music/Entertainment/Sports Team Accounts. Significant barriers to entry exist for under capitalized competitors.

Among the value-adds for the business, this opportunity offers the following:
* Long-term relationships with 5 Star Hotels in the Los Angeles Area
* New Dispatching Software, Dash Cameras, New Accounts all added in past 12 months
*50% of dispatches are referred out, keeping down overhead

The business currently has 5 vehicles in service, which are not included in the asking price, but are available for purchase at Kelly Blue Book value. The business currently has 1 working owner, 4 drivers, 3 dispatchers and 1 part-time office staff.

For more information, please contact Greg Michail at (415) 438-0202 or at gmichail@sunbeltnetwork.com.

About the Business

Location:
Los Angeles County, California
Year Established:
2008
Number of Employees:
8
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About the Sale

Reason For Selling:
Other Business interests

Listing Info

ID:
1643019
Ad Detail Views:
0

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Business Listed by

Gregory Michail

Sunbelt of Pasadena
License# 01988948

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Sponsoring Broker:

Angelica Michail, MBA, CBB, CBI
Sunbelt of Pasadena
License# 01454723


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