Profitable Limo Business

Undisclosed Address, Lubbock, TX
Business Opportunity for Sale
Catylist Listing ID: 30538850
Property Subtypes: Auto Related
Building Size (RSF): See Agent
Sale Price: $300,000
In Opportunity Zone? Yes
Name of Establishment: Profitable Limo Business
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 12/4/2019

Overview / Comments

Business was started by the owner as a means of earning extra income while attending college. In January of 2018 he purchased the 3rd limo company expanding the business to operating 12 cars currently. The fleet is well equipped to meet client needs for limo transportation with its wide range of different size and styles of vehicles.

This company caters to local executives and those traveling to and from the airport. Hotel guests booking reservations for corporate business meetings, conferences, company parties, premiers, award events, dinner outings, sporting events, proms, weddings, birthdays, bachelor/bachelorette parties, formal events, funeral services and non-emergency medical transportation are just a few of the trips this company is hired for. Some Business, Corporate, & Executive contracts are in place.

Additional Details

Industry Segment: Other Auto Related
Reason for Selling: The owner would like to focus 100% on another business he owns to expand and grow it in a similar manner as the Limo business.
Value of Inventory Included ($): $307,000
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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