Details

This upstate New York, well established transportation provider offers quality bus, car and limousine services. The company provides transportation to high school and college sports teams, corporations, healthcare companies and private events. Headquarters is in a prime 13,273 square feet centralized location on .4 acres. The heated warehouse has indoor parking for all vehicles as well as office space and storage facilities. Besides maintaining a website, marketing efforts focus on utilizing radio and print media ads. Additionally, their well known reputation drives word of mouth referrals. Since their inception in 1988, their car service and medical transport business has kept vital client relationships as well as attracting new customers. The business has room to grow geographically. The owner is willing to stay on to assist in the transition. While covid severely impacted revenue in 2020, the company is currently racing to keep up with the demand. The revised asking price has factored in the effect of the pandemic on the company, so it is a great opportunity for a buyer. The forecasted revenue this year is approximately $1,000,000 and the projected EBITDA will improve for the new owner as the seller will pay off all debts at closing, eliminating current liabilities impacting the bottom line. While the current owner is ready to reduce his hours as he moves toward retirement, this company is poised for rapid growth under new ownership.
Listing includes Equipment of $250,000. Real Estate valued at approximately $275,000 comes can be Leased or purchased separately.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.