Business For Sale Listing 127891
Taxi Cab Company, Major Midwest City & Property
Status as of Dec-4-2008 at 06:05 PM: Off The Market
Business Summary
This is an established Taxi company who has been around for over 20 years. The company owns a fleet of about 80 vehicles. The company is basically engaged in the leasing of taxicabs to taxi drivers and maintenance of taxicabs. The company's annualized revenue after factoring an upcoming cotract is estimated to be $3.5 million. The company is absentee owned and has a General Manager and a staff of 6 people (including dispatchers, adjusters, etc.) The company is one of the leading suppliers of taxicab services in its metro area. They use drivers as independent contractors. Contract fares account for 36% of its business and are renewed approximately every one to 3 years. The potential exists for more contract fares. However, due to the fact this is an absentee owned business, this growth potential has not been properly exploited by the company. The company has the ability to get up to about 100 additional taxicab licenses. This represents a nice potential for growth given the fact that in this market there is a significant barrier to entry for new companies. That is, new entrants in the business have to have a minimum of 25-car fleets.
Asking Prices: Business: $ 1.75 million; Real Estate with an estimated value of $369,700 is included in the price. Real Estate will be brokered by Real Estate Broker RE/MAX Traditions.
Note 1: Listing Broker is willing to co-broker with other Business Brokers who will be required to source Buyers' Fees. This will be in line with listing broker's with the Seller.
Note 2: Listing Broker is currently reviewing the information of this ad with the Seller. Listing broker reserves the right to change presented information without advanced notice.
Categories
| Industry: |
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| Location: |
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Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($2,535,683) |
| Profits: |
Between $500 Thousand and $1 Million ($509,917) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,375,000) |
