Black Car Service/Limo Company with Repeat Customers

Price: $6,500,000

Annual Revenue: $6,770,385

Net Cash Flow: $1,792,000

Industry: Transportation

Location: CT

Business Highlights: Well established – Absentee Run – Black Car Executive Transportation and Limo service providing local ground transportation to clients who request dedicated transportation. Transportation consists of Airport drop off and pick up for business and pleasure travelers; transportation to doctors appointments; transportation for any occasion. The company has discontinued Limo services for Weddings, Proms, Party Cars etc. due to owner choosing not to focus on that segment of the business. The company has both Z and L plates – allowing for Interstate and Intrastate transportation of clients. All vehicles are properly maintained – tracked by GPS.

Equipment: 65 vehicles – consisting of SUV’s; Town Cars; and Limos. Fair market value for the vehicles is estimated at approximately $600,000

Employees: 50 Drivers, 4 Office Staff comprised of dispatchers and schedulers, 2 full-time detailers.

Growth: Expansion back into Party Cars; Weddings; Proms etc; Geographic expansion to serve other CT markets.

Real Estate: 7,000 sq ft building consisting of office space; detail area and parking for 20 cars. Owner will structure long-term favorable lease.

Number of Employees: 56
Reason for sale: Retirement