773.243.1603
773.243.1603
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Listing ID:3N812

Sold – Limousine Services Business

Sold

Founded in 1996, the Company acquired a 2nd limousine business in 2010. With this acquisition came an impressive list of corporate and Fortune 500 clientele.

The company does virtually no advertising and depends on its ability to give exceptional service to its A+ clientele to help grow its business by word of mouth. Its clients expect the very best from its Preferred Vendors and this limo service certainly delivers.

It has developed a reputation for offering a reliable, personal service for those customers desiring a little bit more from their limousine operator. Most clients have credit cards on file with the seller, which is a good indicator of the customer’s expectation of doing repeat business.

Transcation Details

  • Location

    USA, Chicago, Illinois

  • Results

    56 Inquiries
    22 Showings
    5 Offers

  • ESTABLISHED IN

  • Real estate Included

  • Full-Time Employees

  • Franchise

  • Industry

    Service

  • Reason for Selling

  • Inventory Included

  • Part-Time Employees

  • Business

    Sold – Limousine Services Business

  • Acquirer

    Investor

  • Annual Revenue

    $475,687

  • Annual Cash Flow

    $153,887

  • Seller Financing

  • SBA Financing

  • Listing Price

    $400,000

  • Acquisition Highlights

    o Company was founded by the owner in 1996.

    o Excellent cash flow

    o Fleet consists of 2011 and 2012 vehicles including sedans, SUV’s, and a trailer to accommodate excess luggage

    o Designated as Preferred Provider for customer base that includes corporate and Fortune 500

    o Revenue generated by 85% repeat business expected to continue for new owner

    o Reliable independent contractor drivers with longevity

    o Seller willing to continue as driver