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Luxury Black Car Services for Business Executives

Transportation of Pre-Arranged Black Car Service: Niche in Airport Passengers!

CASH FLOW
$254,905

Specifications

  • Price
    $925,000

  • Revenue
    $1,259,774

  • Cash Flow
    $254,905

  • Equipment
    $332,000

  • Multiplier
    3.65

  • Service Area
    Primarily operate within a 50-mile radius of Tampa Bay

  • Reason for Sale
    After 25 years, the seller is ready to “turn over the keys.”

  • Valuation
    $930,403

  • Profit Margin
    32%

 

This company’s primary clients are corporate/business travelers with prearranged car service to and from the airport. This makes up 70% of their revenue. An additional 15% comes from black car or limo service, which take professionals to and from meetings or are booked by a luxury hotel concierge service for their guests. The last 15% is from the school transport division, which takes students to field trips or after school activities. Not everyone wants to use a ride share app such as Uber or Lyft, and before ride share, not all people wanted to use a taxi, which is why for more than 25 years, this luxury transportation and black car service business has withstood the test of time! The company is located in Tampa and operates in about a 50-mile radius. The team consists of 1 Customer Service Manager, 1 Customer Service Rep, 1 Dispatch Manager, 1 Mechanic, and 40-50 contract drivers. The owner is only responsible for general oversight. In the purchase of this business is 15+ vehicles, including luxury sedans, luxury SUVs, executive vans, SUVs, minivan, passenger van valued at $332,000. The owner is ready to “turn over the keys” to the next owner so he can ease into retirement while he stays on board for 1 year during a transition period. This business is priced at $925,000. The owner is willing to carry 15% of the note, showing a vested interest in the ongoing success of the company. There is also space to expand service into non-emergency medical transportation.

 

Purchase Price:

$925,000

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Years
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Bank Loan Needed: $

Years
%
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2023 Cash Flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2023 Cash Flow 		$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.