Listing ID: 72732
Thriving bus line with established and profitably operated routes and charter services has been serving the Pacific Northwest communities for more than a decade.
The charter division of the business is even more profitable and can experience explosive growth with a successful focus on staffing.
Owner operated with steady and reliable business even through the pandemic.
Revenues grew more than 40% in 2021 over 2020.
Poised for ongoing growth throughout the PNW.
Growth is limited primarily by staffing.
Bringing a recruiting capability to the business will allow the business to generate explosive growth.
- Asking Price: $2,150,000
- Cash Flow: $797,245
- Gross Revenue: $1,708,215
- EBITDA: N/A
- FF&E: $961,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Relocating out of state.
This Business Is Home Based
The venture was founded in 2008, making the business 14 years old.
The building is leased by the company for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell companies. Nevertheless, the true reason vs the one they say to you might be 2 completely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, yet instead, utilize the vendor's answer together with your general due diligence. This will paint a much more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that earnings margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new clients? Most times, companies have repeat clients, which develop the core of their day-to-day revenues. Particular aspects such as new competition growing up around the area, roadway construction, and also personnel turnover can influence repeat consumers as well as negatively impact future earnings. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the chance to build a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional median home income influence future income potential?