Listing ID: 81587
Business Overview
Great opportunity for the next owner of this in-demand established transportation services business that has seen its clientele request more larger group bus transportation to local entertainment venues than smaller-sized airport round-trip services.
As a result, revenues have improved, per-unit costs have declined, and the company is expected to achieve profitability levels not seen in its ten-year history.
Customer demand is increasing as establishments are beginning to open up with safety in mind. With the Holiday season now in full swing, now is the time to inquire!
Superior attention to detail and commitment to customer satisfaction are the reasons why this well-established specialty transportation service business has grown over the years.
Based in the Western Chicagoland Suburbs, this business provides elegant and comfortable transportation to all venues in Chicagoland – professional sporting events and concerts as well as other important life and business occasions – weddings, proms, birthdays, anniversaries, casino nights and corporate entertainment/celebrations.
With a fleet of buses that can hold from 14 to 26 passengers as well as stretch limos and sedans to accommodate smaller groups, you can relax in style to destination events with state-of-the-art sound systems, lighting and luxury seating.
Chauffeurs are hand-picked and provided with extensive training to ensure your safety and a delightful experience.
The owner is now ready to retire and transition the business to a new owner to continue its legacy.
The asking price includes 12 vehicles – 6 party buses and 6 limos/sedans – with a current market value estimate of $230,000.
Be the next proud owner that allows its customers to take in the Chicagoland sites in style!
Owner is willing to provide seller financing to qualified buyers so call now for more details!
Financial
- Asking Price: $289,900
- Cash Flow: $124,726
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: $230,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
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:4
- Furniture, Fixtures and Equipment:N/A
4 weeks
retiring
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, current reduction in earnings, or a variety of various other reasons. This is why it is very essential that you not count totally on a seller's word, however rather, use the seller's response together with your general due diligence. This will repaint a much more practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can imply that revenue margins are too thin. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Most times, operating businesses have repeat consumers, which develop the core of their daily profits. Specific variables such as new competition sprouting up around the location, road building and construction, and also employee turn over can influence repeat customers and also negatively influence future earnings. One vital thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean house income impact future income potential?
