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Bus Charter Service For Sale - Riverside County, California

Ad/Listing Information
 
Status: Off The Market
Location: Riverside County
County: Riverside
City: None Given
 
 
 
 
 
 
  
 
 
 
Financial Information Detailed Information
 
Price:      $510,000
Down:      Call/Email
Revenue:      $620,000
Adj. Net:      $242,000
Relocatable:      No
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      Yes
Franchise:      No
For Sale By Owner:      No
Asset Sale:      No
Lifestyle:      No

Description Of This Riverside County Bus Charter Service Business For Sale:

This charter bus service company is located in the enterprise zone of Riverside County near Palm Desert. Established 10 years ago, this company was growing at the rate of 15% until 2008. The revenues for 2009 were down slightly due to the soft economy. 2010 revenues are projected at 620,000 which is about 25% higher than 2009. They already have 153 trips booked for next 3 months worth about 180,000. Seller's books are very clean. Because of its location in the Enterprise zone, this business enjoys several tax benefits, such as, no sales tax on all equipment, including buses, and an employer hiring credit of 10,000 to 12,000 per year per employee for 5 years. Net Interest Deduction for Lenders: Zone business interest payments to lenders on commercial loans is not taxable income, but rather a tax deduction to the lender which gives Zone firms substantially greater bargaining power in obtaining both lower loan interest rates and more beneficial loan financing terms than non-zone businesses.
This business provides bus service to various schools and churches in the area. The business comes with Two 54 seat luxury buses and one 24 seat bus appraised altogether at 375,000. Very well maintained. The business is for sale for 510,000. The buses will be fully paid off for the new buyer or buyer can take over the loans. Asking price for the Real Estate that includes approx. 3 acres of land with a 1,750 sq feet home on it and plenty of room to park the buses is 490,000. The current owner lives in that house and uses a portion of the house as his office.

Financing available on both, the business and the R.E. for the qualified buyer



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More Riverside County Information For Buying & Selling Riverside County Businesses


Riverside County Resources - Services Needed When Buying/Selling A Business
Riverside County Business Brokers - Brokers & Agents That Service Riverside County
Riverside County New Franchise Opportunities - New Start-Up Franchises Available
Riverside County Franchise Resales - Established Franchise Resales For Sale
Riverside County New Business Opportunities - Opportunities, Licensing Ventures

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