Business For Sale Listing 154263
Highly Profitable Charter Bus Service
Status as of Dec-1-2008 at 05:59 PM: Active
Business Summary
Highly Profitable Charter Bus Service in the Enterprise zone.
This charter bus service company is located in the enterprise zone of Riverside County near Palm Desert.
Established 9 years ago, this company continues to grow its revenues over 15% year after year. 2008 revenues are expected to grow at the same rate. 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 in the area. The business comes with two 45 feet buses and one 40 foot bus, appraised at $430,000. Very well maintained. The business is for sale for $640,000. Asking price for the Real Estate that includes approx. 3 acres of land with a 1,500 sq feet home on it and plenty of room to park the buses is $480,000. The current owner lives in that house and uses a portion of the house as his office.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million ($626,000) |
| Profits: |
Between $100 Thousand and $500 Thousand ($238,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $500 Thousand and $1 Million ($640,000) |
