This company’s primary clients are corporate/business
travelers with prearranged car service to and from the
airport. This makes up 70% of their revenue. An additional
15% comes from black car or limo service, which take
professionals to and from meetings or are booked by a
luxury hotel concierge service for their guests. The last
15% is from the school transport division, which takes
students to field trips or after school activities. Not
everyone wants to use a ride share app such as Uber or
Lyft, and before ride share, not all people wanted to use a
taxi, which is why for more than 25 years, this luxury
transportation and black car service business has
withstood the test of time! The company is located in
Tampa and operates in about a 50-mile radius. The team
consists of 1 Customer Service Manager, 1 Customer
Service Rep, 1 Dispatch Manager, 1 Mechanic, and 40-50
contract drivers. The owner is only responsible for general
oversight. In the purchase of this business is 15+ vehicles,
including luxury sedans, luxury SUVs, executive vans,
SUVs, minivan, passenger van valued at $332,000. The
owner is ready to “turn over the keys” to the next owner so
he can ease into retirement while he stays on board for 1
year during a transition period.
This business is priced at $925,000. The owner is willing to
carry 15% of the note, showing a vested interest in the
ongoing success of the company. There is also space to
expand service into non-emergency medical
transportation.