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For Sale: Luxury Limousine Service - Los Angeles

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Current Status: Active     Posting #: 253754     Last Refreshed: 10/4/19     BRE License #: 01988948    
Contact: Greg Michail At 415-438-0202 , 626-395-0717  -  Also Email This Contact Below
Price:  $1,000,000     Down:  Call     Adjusted Net:  $451,027     Revenue:  $1,274,026    
Business Address:  None Given     City:  Los Angeles     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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For Best Results & Response, Email & Phone This Contact: Greg Michail at 415-438-0202 and 626-395-0717.

  Description About This Posting: Luxury Limousine Service
Limo Service with High-end Contracts & Referral Model

This 11-year old Limousine Company has grown exponentially since inception and is now available for a new owner or competitor to take it to the next level.

This business has seen Year-Over-Year growth of Revenue and in 2018 the business generated $1,274,026 million in annual sales revenue and produced $451,027 recasted net cash flow for its Owner.

The business competes based on providing a very high level of service in the hired-transportation business. Current customer type breakdown is 80% Hotel and 20% Private clients. There are limited customer concentration issues, with no hotel accounting for more than 25% of the revenue. Opportunity for expansion to begin servicing Music/Entertainment/Sports Team Accounts. Significant barriers to entry exist for under capitalized competitors.

Among the value-adds for the business, this opportunity offers the following:

*Long-term relationships with 5 Star Hotels in the Los Angeles Area
*New Dispatching Software, Dash Cameras, New Accounts all added in past 12 months
*50% of dispatches are referred out, keeping down overhead

The business currently has 5 vehicles in service, which are not included in the asking price, but are available for purchase at Kelly Blue Book value. The business currently has 1 working owner, 4 drivers, 3 dispatchers and 1 part-time office staff.

For more information, please contact broker.

To get more information about this Luxury Limousine Service business for sale in Los Angeles please phone Greg Michail (Broker - BRE License #:01988948) at 415-438-0202 and 626-395-0717 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #253754 on BizBen.com. In addition to phoning Greg Michail, make sure you email Greg Michail above to get more info about this Luxury Limousine Service, to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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