Listing ID: 74156
The Alaska Cab is located in Soldotna,Alaska and services the surrounding Kenai Peninsual area. The company consist of a fleet of 21 vehicles & 4 spares made up of passengaer cars, six-passenger Dodge Caravans, and disability-accessible Dodge Caravans. All vehicles are owned, operated, and maintained in-house. Employees consist of 31 drivers, 7 dispatchers and 3 office staff. Total lease space is 4,752 sf with 1,692 sf of office sapce and a 3,060 sf service garage with 3 bays. The dispatch center operating out of their office uses a combination of radio and GPS tracking system.
- Asking Price: $1,396,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $234,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1994
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,752
- Lot Size:N/A
- Total Number of Employees:40
- Furniture, Fixtures and Equipment:N/A
Office/Shop at 4,752 square feet with 3 auto bays.
The Seller is willing to help train a new buyers per agreement.
Seller has other businesses to operate.
This cab company is very busy and is bringing in excellent revenue.
The business was founded in 1994, making the business 28 years old.
The business has 40 employees and resides in a building with disclosed square footage of 4,752 sq ft.
The building is leased by the company for $5,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or a variety of other reasons. This is why it is extremely essential that you not rely totally on a seller's word, yet instead, utilize the vendor's solution in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Often times, businesses have repeat customers, which develop the core of their daily earnings. Particular elements such as brand-new competitors growing up around the area, roadway building and construction, as well as staff turnover can influence repeat consumers and negatively influence future profits. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the possibility to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood median house income impact future earnings potential?