Limo – Relocatable Biz – 80+% Repeat

Asking Price:$350,000 Gross Income:$625,000 Cash Flow:$168,000
EBITDA:N/A FF&E:$1,000 Inventory:N/A
Real Estate:N/A Established:1984 Employees:N/A

Business Description

Off Market

Huge home based relocatable business opportunity to buy into 2+ decades of goodwill and a huge (3,000+) customer database that always has bookings that keep the drivers booked year round. Averages 450 trips a month, with a $180 average. Stable of 12 drivers included that all potentially provide services, although only 8 of these would be considered fairly active at 20+ trips monthly. All CRM software and trip metrics are easily verifiable, and if you know the business you know what this acquisition brings to the table for an experienced ownership team. 80+% corporate clients bring in steady business and these accounts always have executives traveling. All relationships with Fortune 500 clients will be included with the sale and many span decades. Currently on a revenue share model, so the Drivers keep their cut, run their own rig, and the Seller collects the fee for business development services. No limo's or cars included, though the option exists to bring everything in-house and run the fleet direct. That was the model for this Seller up to 2008 and he decided to go lean and mean. NDA is required for comprehensive due diligence package on file with the Broker.

Additional Features

Facilities: Home based, relocatable opportunity nationwide, though would make for brutal hours if you tried to move it to the West coast unless you were an early, early, early bird or outsourced dispatch. (Home Based)

Competition: Competition is strong in the New York area primarily based on price.

Growth & Expansion: No longer does his own fleet. Opportunity exists to bring everything in house instead of as a commission based operation at the discretion of the Buyer’s team.

Financing: $520k down, $175k over 36 months @ 7%!

Support & Training: As needed.

Reason for Selling: Retirement.


Ace Business Brokers NDA & Buyer Profile


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