Listing Number: 189597-165234
Description
36 Year Old Party Bus and Limo company based in Monmouth County with 11 vehicles, including 7 luxury party busses. There are currently 16 drivers on staff. Annually, they do over 800 trips per year, averaging $900 per trip. They only cater to local special occasion events, which are more profitable and helps keep low mileage on the vehicles. Since they don’t do last minute airport runs and special occasions are booked far in advance, scheduling the drivers is simple. The other component that makes this business easy to manage is that most trips are booked online via the LimoWiz software, which provides complete dispatch, billing, A/R, maps, credit card processing. The business has a strong reputation as it has serviced over 19,000 weddings! Price includes 11 vehicles, with a market value of 850k with no debt on them. 10 of the vehicles have less than 60k miles on them!
Listing Details
- Price: $ 1,600,000
- Down Payment: $1,600,000
- Sellers Discretionary Earnings: $ 250,000
- Total Sales: $ 750,000
- Location: Monmouth County, New Jersey
- Inventory: $ 5,000
- FF&E: $ 850,000
- Employees: 2
- Year Established: 1988
- Reason for Selling: Retirement
- Category: Transportation
