Business Overview

The Company is primarily engaged in the business of providing personal shuttle and
chauffeur/limousine services via taxi, sedans, vans, and limousines. Passengers are
primarily recreational and business travelers.

The company markets itself as an airport shuttle service operating 24/7 in the Phoenix metropolitan area and their service extends anywhere from Point A to Point B in the state of Arizona. Although the majority of revenue is from recreational travelers, the company has recruited business travelers as well and a new owner can capitalize on the pick-up in post-pandemic corporate travel.

The Company has a fleet of 29 luxury vehicles that have been well maintained. Larger
vehicles include a Ford Transit van and four Lincoln Navigators. The remaining vehicles are passenger sedans including Lexus, Lincoln MKZ Hybrid, and Chrysler 300. The vehicles are stored in close proximity to the Phoenix airport in a secure area.

A structured process is in place that enables absentee ownership. A new contract in 2022 is expected to add $750,000 in annual revenue.

Financial

  • Asking Price: $5,500,000
  • Cash Flow: $1,000,000
  • Gross Revenue: $3,000,000
  • EBITDA: N/A
  • FF&E: $400,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

30 days

Purpose For Selling:

Other business interests

Additional Info

The company was established in 2017, making the business 5 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or an array of other factors. This is why it is extremely important that you not depend entirely on a seller's word, but instead, utilize the vendor's response combined with your total due diligence. This will repaint a much more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies borrow money so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that earnings margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Specific factors such as new competitors sprouting up around the location, roadway building, and also employee turnover can affect repeat clients and adversely affect future earnings. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the chance to develop a returning client base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the local typical family income influence future income prospects?