Listing ID: 75034
This is an established and professional transportation company that was built on its reputation for reliability and dependability. Rated 5 Stars on Google, Yelp, and Facebook. They provide transportation to Phoenix Sky Harbor Airport and Mesa Gateway Airport, as well as to ball games, concerts, nights on the town, and all public and private airports located in the metro Phoenix area 7 days and 7 nights a week. They offer black car luxury sedan service in Phoenix and surrounding areas, as well as stretched limousine rentals for all types of special events. Business is generated through the 5-star google business listing and website form, as well as text and phone calls to the direct line. The business comes with a database of 1500+ repeat passengers with a history of over 10 years, one vehicle, and a vast network of contacts to which rides are outsourced to for overflow and limo rentals. Perfect opportunity for a rideshare driver to become independent or an existing operator to expand and take this business to the next level. Home-based business can be run from anywhere. A high concentration of current clients are in the Scottsdale & Fountain Hills area. Serious inquiries only, call now!
- Asking Price: $69,000
- Cash Flow: $70,000
- Gross Revenue: $100,000
- EBITDA: $70,000
- FF&E: $9,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
- 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
This Business Is Home Based
The company was started in 2011, making the business 11 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nevertheless, the real factor vs the one they tell you might be 2 absolutely different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is extremely important that you not rely absolutely on a vendor's word, however rather, use the seller's response combined with your total due diligence. This will repaint a more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans in order to cover items like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that revenue margins are too tight. Many organisations fall 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Often times, operating businesses have repeat clients, which create the core of their everyday revenues. Specific elements such as brand-new competition growing up around the area, road building, and also personnel turn over can affect repeat clients as well as adversely influence future earnings. One essential thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the possibility to develop a returning client base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical family earnings impact future earnings prospects?