Famous Taxi Company, also limos

Sarasota, FL
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Asking Price:$225,000
Gross Revenue:$363,072
FF&E:$35,000
Cash Flow:$85,465
EBITDA:$85,465
Established Year:1925
BUSINESS DESCRIPTION

Why work for a ride-sharing company when you can own your own? This independently owned limousine and cab service has been in Sarasota for over 100 years and is now expanding into Venice and Bradenton. The business has a lot of regular customers who know they can trust the business 24/7 and that the drivers will always be there on time for critical meetings (medical, etc.), to go to area airports including Tampa, to pick up anyone who is too drunk to drive, to deliver packages, etc. Add your own delivery services to this famous taxi business and modernize it online so that the ride-sharing services that have become common are another division of this business. The value of owning this companies name alone is worth more than the asking price.
11 well-maintained Lincoln town cars are included with the business.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There is an office but cars are taken home by drivers so the office can be relocated or run from home if so desired.
Competition
This has been THE NAME in the taxi business forever and people know it's a name they can trust in Sarasota County. This puts them one-up on any competition. Also, people who have important meetings or important deliveries know that they can count on this company to regularly take care of them when they call.
Growth & Expansion
A recent move into Manatee County and Venice, where they also own their name (which is priceless), will grow the business significantly. The owner expects revenues to grow into the $500-750,000 range.
Support & Training
Open to negotiation.
Reason for Selling
Retirement
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Doug
Neufeld
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Doug Neufeld