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Limousine Company for Sale

Lubbock, TX (Lubbock County) (Relocatable)

Limousine Company for Sale
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Asking Price: $350,000

Cash Flow: $130,534

Gross Revenue: $390,031

EBITDA: N/A

FF&E: $7,800

Inventory: $307,000

Established: 2014

Limousine Company for Sale

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Business Description

Business was started by the owner as a means of earning extra income while attending college. In January of 2018 he purchased the 3rd limo company expanding the business to operating 12 cars currently. The fleet is well equipped to meet client needs for limo transportation with its wide range of different size and styles of vehicles.

This company caters to local executives and those traveling to and from the airport. Hotel guests booking reservations for corporate business meetings, conferences, company parties, premiers, award events, dinner outings, sporting events, proms, weddings, birthdays, bachelor/bachelorette parties, formal events, funeral services and non-emergency medical transportation are just a few of the trips this company is hired for. Some Business, Corporate, & Executive contracts are in place.

Detailed Information

Location:
Lubbock, TX
Inventory:
Included in asking price
Employees:
1 FT/18 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently leasing 5,000 sq ft of warehouse space.
Competition:
One other Limo company.
Growth & Expansion:
More marketing and purchase of additional vehicles. Possible buyout of the last standing limo company in the area would increase business.
Support & Training:
Will train for 2 weeks @ $0 cost. Services include high-quality vehicles, professional chauffeurs, reliable, and safe transportation. Clients book for various events and travel purposes. Booking services have been simplified by an online reservation booking program for a low monthly cost of $80.00. This system allows clients to stay connected with dispatch, receive notifications and updates knowing the moment their limo is arriving. The program also tracks payroll for the drivers. Limousines travel up to 150 mile radius of business home location. Standard SUV’s travel up to a radius of 500 miles. Most of these trips being provided to medical teams. Currently the company services 3 medical accounts weekly by transporting patients, to and from medical appointments, physical therapy and outpatient surgical procedures. Transportation is also provided to surgeons and harvesting teams to and from the airport.
Reason for Selling:
The owner would like to focus 100% on another business he owns.
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David Powell

Business Listed By:
David Powell

Murphy Business & Financial Corporation

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