Nashville's Premier Transportation Service | 10 Years | $491k SDE

Seller Financing Available

Hottest market in the USA.

Executive Travel of Nashville (Company) is a family-owned, professional transportation company offering luxury chauffeur services to Middle Tennessee. Whether you are a corporate executive, musician, athlete or are just looking for a great experience in Nashville, Exec’s professional chauffeurs can meet and exceed your travel expectations. The six service categories are: corporate transportation, tours, city-to-city transportation, large events, airport transportation, and special occasions. Founded in 2014 by a seasoned corporate executive, the company continues to grow and thrive.

FINANCIAL:

· Revenue: $1.3 million TTM (trailing twelve months)
· SDE (sellers discretionary earnings): $491k TTM

TEAM: 15 full and part-time employees.
· Current owner is the General Manager. Spouse does scheduling.
· Two maintenance crew: shop manager and a part-time.
· Drivers: seven plus two part-time. Loyal drivers with average 7+ years.
· Sales: Great sales person who is also a part-time driver.
· Office: Two take customer calls.
· For hire license permit available to apply to new owner.

VEHICLES AND FACILITY:
· Vehicles: All 8 vehicles are financed and turnover every 2 years. Suburbans, executive vans, buses, shuttle vans.
· Facility: Maintenance shop, offices. Lease is flexible.

SALES AND MARKETING:
· Differentiation:
o Focused on executive transfers not the party tourism. Repeat business.
o Long-term customers
o Two private airports exclusively recommend the Company.
o 4.9/5.0 Google and Yelp reviews
· Small marketing budget under $1000/mo on Google and Yelp.
· Direct sales by owner and one other sales person. Direct sales highly effective.

GROWTH OPPORTUNITIES:
· Increase marketing spend on Google and Yelp.
· Hire current part-time salesperson to be full-time.
· Buy more buses given the high demand.

NASHVILLE’S EXECUTIVE TRANSPORTATION GROWTH:
Nashville, Tennessee, is experiencing dynamic growth and transformation, positioning itself as a burgeoning hub for economic activity and tourism.

· Economic Growth: Nashville's Gross Domestic Product (GDP) has been growing at an average annual rate of approximately 4% over the past five years. The city's economy, valued at $84 billion in 2023, is expected to continue its upward trajectory with significant contributions from healthcare, technology, and education sectors.

· Business Expansion: In 2023 alone, Nashville saw over 1,200 new business registrations, reflecting an expanding entrepreneurial landscape.

· New Stadium: NFL Titans building a new stadium for the 2026 season. Nashville will likely get the Super Bowl by 2030 with a new stadium.

· New Casino: MGM building a hotel downtown and working on a casino by the river.

· Tourism Surge: Attracts over 15 million visitors annually. With major events like the CMA Fest and the Nashville Film Festival drawing large crowds, the demand for premium transportation services is significant. Tourism contributes around $8.2 billion to Nashville’s economy each year. Named the #1 destination for bachelorette parties.

· Population Growth: Increased by approximately 18% over the past decade, reaching nearly 750,000 residents. This rapid growth is expected to continue, with projections indicating an additional 10% increase by 2030.

· Affluent Residents: The median household income in Nashville has risen to $80,000, reflecting a shift towards more affluent residents who are likely to seek high-quality, personalized transportation services.

· Corporate Relocations and Expansions: Attracted over 40 new corporate headquarters and major office expansions in recent years. Companies such as Oracle and Amazon have significantly increased their presence, further driving demand for executive-level transportation services.

· Business Travel: The city's business travel market is valued at over $2 billion annually.