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Luxury Transportation Service Business with Seller-Financing Available

Name: Luxury Transportation Service Business with Seller-Financing Available
Price range: $$

Listing

1738

SOLD!

2022 Revenue +138% YOY

Acquired By

Industry Buyer

Middlesex County, MA

Revenue

$1,447,000

Cash Flow

$298,000

Asking Price

$649,000

Asking price details

2022 Revenue: +200%YOY

Business Description

Take advantage of the early stage rebound of the luxury car service industry! January-April 2022 revenue is up 138% YOY with steady margins! Plus, seller-financing is available!

The business provides premium transportation services to high-end travelers and businesses in the Greater Boston area. The owner has operational responsibilities and is not a driver; he is available for a training period but is selling quickly for personal reasons. The owner’s responsibilities could be out-sourced making this a possible absentee-owner opportunity! Plus, while business has an attractive lease in place, the “headquarters” is movable should a buyer prefer.

The long-standing and excellent reputation of this scalable company presents a solid foundation for continued growth through several different means including an organic industry rebound, website expansion, leveraging the strong affiliate network and/or adding drivers.

This business has low customer concentration and repeat business. Customers may rent limo, car, and/or bus services for weddings, business events, personal travel, sporting events, concerts, and more!

Growth Expansion and Opportunities

In the last two years, the company has not spent any money on advertising campaigns and still YOY business is booming thanks to being in early stages of the industry rebound. Additional growth opportunities include establishing an advertising/social media campaign, putting more resources towards building out the website and/or hiring more drivers.

Support & Training

The seller will provide training and support to ensure a smooth transition

Terms

It is expected that a qualified buyer can obtain an SBA 7A loan with 10% down payment for the business.

Broker

Molly Hanson

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