Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Taxi Company Servicing In Cleveland For Sale

Cleveland, Ohio
Asking Price:
$249,000 (USD)
Sales Revenue:
Not applicable
Cash Flow:
$265,000 (USD)

20 CAR TAXICAB Company Servicing Cleveland’s suburban markets; Revenue from Driver Leases: $8,500/Week; Est. Operating C/F $265,000 per year; ASKING PRICE: $249,000.
SELECTED FACTS:
• 24 x 7 Operation with drivers leasing the cabs.
• Loyal Customer base.
• Personnel: Manager, Dispatchers.
• FACILITIES: Available for lease if desired.
• DISPATCHING: 3 Dispatchers.
• SERVICE AREA: Cleveland Suburbs (primarily West, Central, East) Cleveland and the airport (can only bring people and pick up people if they get called by customers.)

DISCLAIMER: Enterprise Development Resources, Inc.(EDR) makes no warranty or representation in connection with the information provided herein. Interested parties are required to conduct their own due diligence.
EDR is not a Broker/Dealer. Elias E. Ladon of EDR is a Registered Representative and any Securities Transactions will be conducted via a Broker/Dealer. Any applicable real estate transactions will be conducted by Real Estate Broker. For More Information please contact: Elias E. Ladon, Investment Banking Representative, Certified Business Broker & Appraiser, Enterprise Development Resources, Inc.

Property information

Real Estate:

Lease

Lease Terms:

$1,500 per month, NNN.

Location:

Cleveland Suburban Market; Also servicing Cleveland and Airport.

Business Operation

Expansion Potential:

• BUSINESS PROSPECTS: The Taxi industry has come around after the initial scare from a couple of years ago from the ride-hailing companies. Their success and future prospects raise skepticism among analysts. A Reuters August 15, 2018 article states: “Uber Technologies Inc. said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business…” Associate Professor or Brent Goldfard at the University of Maryland stated: ”I remain unimpressed. Improving losses by cutting the lowest handing fruit doesn’t mean the underlying model is profitable.”

Competition / Market:

• There are new developments under way in the personal transportation industry in addition to the ride-hailing companies discussed above. There is no question about the fact that the personal transportation industry is in a state of flux as “Driver-Assist” cars are becoming increasingly available at a reasonable price and there is intense development of self-driving cars. All these developments can be embraced by progressive companies as opportunities for development and growth.

Reasons for selling:

Focus on other business activities.

Trading hours:

24 Hours

Employees:
23
Years established:
1920

Other Information

Support & training:

Seller will support if necessary.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Enterprise Development Resources. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here