773.243.1603
773.243.1603
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Listing ID:3N687

Sold – Premier Chicagoland Limousine Service 3N687

Sold

Founded in 1993, the Company has grown to become one of the larger limousine services in an affluent area of Chicagoland.  It has developed a reputation for offering a reliable, personal service for those customers desiring a little bit more from their limousine operator.  The Company does not offer a “shared ride service” to Chicago, O’Hare or Midway. It prefers to offer a more personal service at a somewhat higher price.

Its customer base includes the many corporations in the area as well as those needing service to Chicago’s main airports and it is a preferred limo service for two local airports near the business. Using independent contractors and having its own maintenance shop, enables the business to control its costs.

Transcation Details

  • Location

    USA, Chicagoland, Illinois

  • Results

    18 Inquiries
    8 Showings
    Sold in 4 Months

  • ESTABLISHED IN

  • Real estate Included

  • Full-Time Employees

  • Franchise

  • Industry

    Service

  • Reason for Selling

  • Inventory Included

  • Part-Time Employees

  • Business

    Sold – Premier Chicagoland Limousine Service 3N687

  • Acquirer

    Investor

  • Annual Revenue

    $961,314

  • Annual Cash Flow

    $124,200

  • Seller Financing

  • SBA Financing

  • Listing Price

    $400,000

  • Acquisition Highlights

    – Company was founded by the owner in1993.
    – Sales close to $1,000,000 annually with good cash flow
    – Fleet consists of variety of vehicles including sedans, stretch limos, and an SUV. Flexible for any occasion.
    – Great customer base. Revenue generated by 85% repeat business expected to continue for new owner.
    – Independent contractor drivers with longevity.
    – Facility has repair shop to self- maintain its vehicles.