Listing ID: 71243
Live near the Beach and oversee a small business that makes lots of profits, and is easy to operate.
The current owner has had a long and fruitful ownership with this business. Ready to retire but in no hurry as this business takes up very little of his time.
Picture yourself on the Beach or at your favorite restaurant all the while making money as your drivers take care of your business.
This longtime Taxi Service is easy to manage and very PROFITABLE !!!!
Located in the heart of the beach areas of Carolina. All Taxis are metered and settle up nightly with the owner.
There is a storage area and parking lot where the office is located. Inside the office the dispatcher handles all incoming calls and contacts the closest driver to pick up the client. 2-way radios allow the office to keep in touch with all the drivers.
The sky is the limit on expanding this business for a new fulltime owner.
More Taxis, GPS monitoring and adding an app to schedule pickups are just a few of the ideas if a new owner wishes to scale things up.
- Asking Price: $170,000
- Cash Flow: $120,000
- Gross Revenue: $160,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. However, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is extremely important that you not depend absolutely on a vendor's word, however instead, make use of the vendor's response combined with your overall due diligence. This will paint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new consumers? Many times, companies have repeat customers, which create the core of their daily earnings. Particular aspects such as new competition sprouting up around the area, roadway construction, and also staff turnover can affect repeat consumers and also adversely affect future revenues. One important point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local median house income impact future earnings prospects?