This is a well-managed and highly profitable Charter Bus Company. For the past 3 years, they’ve made more than half a million each year. Very clean books. They cater mainly to Asian tourists from China and Southeast Asia. They serve for Casino tours, Camp and youth groups, Sports teams, Schools and Universities etc. Business started from 1992 and built a very good reputation in the Asian community. They have a fully equipped mechanic shop on site and a full time mechanic keeps all of the buses in very good condition. The seller also owns 2 location lots for running the business and parking the buses. The fleet consists of 17 coaches and Mini Buses with total current market value of $1,834,336, in which the paid-off value is $1,032,537 up to the date of end of Feb 2016, and that is included in the Asking Price, and buyer is responsible to assume the loan balance upon closing which is around $500K by the end of September 2017. Owner will consider carry 10% for suitable buyer and the term of the seller financing is 12 months. The Business is SBA loan pre-approved for up to 80% of purchase for qualified buyer.
For more information, please contact with Listing ID LA3742.
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