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Taxi Cab Company - Leader In City Of The Northeast

Location  United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $2526332
Net Profit / Cash Flow  $274000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1995
Number of Employees  50 - 99
Relocatable  Not Disclosed
Number of Employees  50 - 99
Real Estate  Owned
Training  Will support as per agreement between parties.
Reason for Sale  Retirement.
Description  Taxicab/Medical Transportation/Courier Company with dominant market share in its Northeastern city. This is an established Taxi company who was acquired in the mid-nineties by its current owners and has been consistently operated profitably every since (even in 2010 which was a difficult year for the taxi industry, the company's sales increased). The company services its market on a 24 x 7 basis year-round. The company has dominating position in its market having only one weak competitor. It services a nice size city with a steady growing economy (in fact it is considered one of the leading towns in the Northeast when it comes to growth and low level of un-employment.) This college town also has a healthy real estate market. In addition to the traditional taxi services the company also provides Airline Package Delivery, Medical Transportation and Ground Transportation for the regional airport. The company owns a fleet of Taxicabs (sedans and minivans), 1 courier Van for local and regional small package delivery, and 1 Town Car for Corporate Black Car Service. The company employees 50+ drivers (there is ample supply of qualified drivers in the community), 4 to 5 dispatchers, 2 mechanics and office staff. The company's employees are willing to stay with the new owner. Enterprise Development Resources, Inc. is neither a Broker-Dealer nor a registered Investment Adviser. Where applicable, securities transactions are conducted by RWI, LLC, member FINRA, MSRB, and SIPC. In the event there is any applicable Real Estate Transaction it will be conducted via Pro-Classic Real Estate, Inc.
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