This well-established transportation company serves the greater Los Angeles area, in addition to offering transportation services worldwide through their affiliate network. They provide high end personalized, reliable limousine services for weddings, proms, graduations, parties, concerts, and city tours, as well as airport, corporate, group, entertainment, product, and other transportation services.
The company has gone above and beyond, and has diversified their income with contracts and exclusive partnerships across industries including government agencies, corporate clients, entertainment, education, fashion, international markets, travel agencies, medical, automotive, and social events. Some of their exclusive contracts include name-brand clients include major institutions, as well as relationships with other hotels, corporate clients, universities, stadiums and other well-known institutions.
The company has access to a wide range of vehicles to serve all customer needs. They strategically own two sedans, three 15-passenger vans, one SUV and one luxury 22-passenger shuttle bus. Additionally, through their extensive affiliate network developed over many years, they have access to a huge variety of vehicles including electric, vintage, executive mini bus, and full-sized coaches. The vehicles they own are on lease with unlimited miles and include an option to buy; the Seller estimates more than $100K in equity after a buyout. Business slowed during COVID but picked up dramatically since last summer; they are now booked for months in advance with record sales.
The company is well known throughout the industry and have multiple sources of jobs: SEO/web traffic, contracts, previous clients, and referrals. They do not advertise, do social media, or otherwise market the business. The Sellers are retiring, so it’s time to sell their fantastic business to the right Buyer. They want a bright future for their company so are willing to stay to train their successor.
This is a great opportunity for a Buyer a to acquire a solid, highly profitable business with a proven track record, established customer base, and contracts that generate excellent cashflow … and yet still has so much more growth potential. If this is the right opportunity for you, contact the Agent today to learn more!