Limousine Service In Southern California For Sale

Business description

This is a premier and very successful limousine service, serving many of the southern California & Vegas residents among them who?s who of entertainment & sport industry. They have very nice & exotics limousines which some feature fireplace, fish tanks, disco floors & bars, fiber optic lights, mood lights, triple flat screens, dual WF boxes, state of the art sound system, MP3, DVD, & CD.

They provide services for Hollywood tours, Las Vegas trips, corporate functions, Air Port services, weddings, Wine Tastings, Bar mitzvah, Prom & graduations, and nightlife. They also have very aggressive marketing & promotion system and great service to create constant flow of business even when some other similar businesses are not doing so great.

They have contracts with very high end hotels to be their exclusive Limousine service provider, plus they have standing contract with some companies which just one of them worth $150,000 a year.

Including in the purchase price are the following Limos:
2005, Cadillac STS Sedan ($35,000, Paid off)
2004, 12 Passenger Ford Van Econo line ($12,000, Paid off)
2001, 6 Passenger Lincoln Limo ($20,000, Paid off)
2008, 10 Passenger 5 doors Lincoln Limo ($80,000, 55 payments left)
2005, H2 Hammer Limo ($120,000, 43 payments on conversion left)
2005 K35, 30 passenger International Party Limo Bus ($100,000, 20 payments left).

This business has been around since 2003, and all these numbers are for the year 2008 even though the company has done slightly better in previous years. The owner says he has all the bank statements and backs up all the numbers.

Annual Revenue: $800,000
FF&E (Included in the price): $370,000 (Minus some Limo payments)
Inventory (Included in the price) $ None
Seller?s Discretionary Cash Flow $400,000
Asking Price: $700,000

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

For more information contact: Mehdi Kazerooni,
SUNBELT BUSINESS BROKERS of ORANGE COAST at ------------ / fax: ------------
email: -----@-------------.---

For a complete listing of our currently available business opportunities go to: ---.-------------.---

Property information

Real Estate:

Lease

Premises details:

$N/A

Other information

Reasons for selling:

other ventures.

Financing available:

Downpayment Required: $0
Monthly Payroll: $8,000

Furniture / Fixtures value:

$370,000 (included in the asking price)