Limo Service: High-end Hotel 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 Greg Michail at (415) 438-0202 or at [email protected]
Other business opportunities
8 employees and 1 working owner (4 drivers; 3 dispatchers; 1 office staff)
Five vehicles in service - not included in price but available for purchase.
Price and terms