Listing ID: 73484
BUSINESS IS STRONGER THAN EVER
This transportation company is located in Central Ohio and has been around for over 20 years, transporting all type of people around to all sorts of destinations. The sale includes business, staff, connections, contracts, websites, customer base, several real estate properties, repair shop, and take over payments on new vehicles
The business has contracts with in & out of state businesses, government both locally and federally, schools & universities, nursing & retirement homes, Charities, Police departments, and handles private affairs also.
The business is now gaining momentum to obtain prior to covid 19 sales. There are contracts being signed weekly to transport people as society opens up
Sales average over $5.0 M and has a strong bottom line profit of close top $1.0M annually. Presently the staff is made up of sales director, accountant, dispatchers, drivers, mechanics, and cleaners.
IF YOU WANT TO BUY REAL ESTATE: $1,500,000
The Real Estate includes several parking lots that have a base strong enough to handle the wait if these large buses and large inventory of vehicles. Also includes dump station for bus bathrooms, diesel fuel storage for gassing up vehicles, and a large facility for repairs
This is a One Stop shop for transporting people to where they want to go
- Asking Price: $2,900,000
- Cash Flow: $1,000,000
- Gross Revenue: $3,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:7,650
- Lot Size:N/A
- Total Number of Employees:80
- Furniture, Fixtures and Equipment:N/A
7560 sq ft building w/offices and maintenance garage
Owner will stay on to train new ownership
There are several transportation companies in the area. There is enough business on town for everyone
To grow it send sales folks out to build the business
The venture was founded in 1997, making the business 25 years old.
The business has 80 employees and resides in a building with disclosed square footage of 7,650 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the true reason vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of other factors. This is why it is extremely important that you not rely entirely on a seller's word, however instead, use the vendor's answer combined with your general due diligence. This will paint an extra practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that profit margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new consumers? Often times, operating businesses have repeat customers, which develop the core of their daily earnings. Specific variables such as new competition sprouting up around the location, roadway building, and employee turnover can affect repeat clients and also negatively affect future revenues. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business often, the better the possibility to develop a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the local mean family earnings impact future revenue prospects?