Limousine Service In LA Price Reduced For Sale

Business description

Very profitable Limousine Service in Los Angeles.
This profitable, established for seven years, limo service is located 15 min from LAX. Two vehicles are included in sale: one 6-passanger SUV, and one 4-passanger Towncar. Two 8-passanger stretch limousines can be added for extra $40,000. All vehicles are in good condition. Company currently operates only two vehicles. Two stretch limos are fully operational, but kept by one of the former partners as collateral. With two remaining vehicles company makes sales of $15,000 per month. About 90-95% are credit card charges, so it's very easy to prove the income. You will be getting all four vehicles and office equipment and active database with over 2500 repeat clients. When company operated all four vehicles, their sales was around $30,000 per month.

Company office is very clean, spacious and is in the safe neighborhood. Cars are parked on the building parking without gates and never had any problems. Lease is currently month-by-month, but landlord is ready to sign a lease.

Seller offers two weeks of training at no additional charge. He will also assist the buyer throughout transitional period and licensing process.

Property information

Real Estate:

Lease

Lease terms:

Base Monthly Rent is $1,185. Lease Exp. Date is mo-mo; Security Dep $1,185

Size in square feet:

1,100 sq. ft.

Other information

Support & training:

Seller will provide training for 2 wks at no additional charge.

Reasons for selling:

Other business interests

Trading hours:

on-call

Financing available:

Seller may carry a note

Furniture / Fixtures value:

$70,000 (included in the asking price)

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