VR | Valued Representation: Office Locations | Contact Us | Home

Limousine Co.- Corporate Accounts for Sale in New Haven County

Reference #: 41980038
Location: New Haven County
Price: $425,000
Amount Down: $425,000
Revenues: $620,096
Discretionary Earnings: $188,212
Total Assets: $240,000
Business Description:

This premier limousine company has been in business over 50 years. Predominantly corporate services business, virtually all with major companies and primarily repeat business. Firm holds 11 Connecticut livery permits including inter and intra-state which are transferable as part of the sale (business can operate anywhere in and out of the state and at any time). Owner ready to retire. Fleet includes ten luxury vehicles. Sale available with or without leased (2 years left on 5 year lease with additional 5 year option) 6000 square foot modern facility. Over 200K in fixed assets including on-site service and support equipment. Full service for fleet provided by various local dealerships and service concerns throughout the area that have long-term relationships with the company. This is a very healthy and profitable business that has maintained consistent revenue numbers despite the recent downturn in the economy. Huge opportunity for growth: the firm does no current advertising or marketing and it is estimated that such efforts (even if directed only at the existing client base alone) would generate sales increases in excess of over 25%. With over 95% of revenues derived from corporate accounts, this business would be an ideal fit as an addition to a similar outfit and/or a perfect addition to a retail based concern seeking to enter the highly lucrative corporate market. Highly competent staff in place, very reasonable at-market offering price and well earned reputation for excellence in its market. Knowledgeable potential buyers will recognize this situation as an extraordinary opportunity.


 


Contact Us About This Business For Sale

The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.