Property Details

DESCRIPTION:

• Long standing, very reputable ground transportation business
• Established in 1949
• Located in the City of Rochester accommodating western NY and the Finger Lakes region
• Specialized limousine sales are 85% corporate, and 15% retail
• Current corporate accounts total 100 plus
• Unique client base catering to special events and corporate transportation that include hospitals and colleges to name a few.
• Owner looking to retire after 47.  Owner will stay on for a period of time to train.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

• $75,000

 LEASE ARRANGEMENTS:

Current lease consists of 1000 square feet of office space, secured storage for transportation vehicles

Lease has negotiable terms at $1,100 a month gross

SALES AND SELLERS DISCRETIONARY EARNINGS:       

SDE averaged $65,000/year for past three years.                                                           

 PRICE/FINANCING:

• Asking price is $175,000, financing is available, with at least half down, to a qualified buyer

 COMMENTS:

This is an ideal owner/operator opportunity with a professional appearance and qualifications. Currently NYS is not allowing start up businesses of this nature so buying an existing, reputable limousine business is the only way to satisfy the DOT. Current owner does have a CDL license so it is recommended the new owner has the same, but not essential. Increasing revenue can be done by increasing the retail end of the business, and aggressive marketing