Tupelo Data Room
Limo & Passenger Transportation, Other Transportation & Storage
Active

Very Profitable Charter Company for sale! Great profit margins!

Ohio, United States
listing image
Asking Price$10m
Revenue$7.66m
EBITDA$3.89m
Cash Flow$3.66m
Description
This well-established passenger transportation company in Ohio has been providing top-notch charter bus services for over 25 years. With a versatile fleet capable of accommodating anywhere from 1 to 56 passengers per vehicle, they pride themselves on offering reliable and affordable transportation options. They meticulously inspect all vehicles and wheelchair lifts in their own shop, ensuring that all repairs are completed to the highest standards by their skilled drivers and mechanics. Boasting approximately 100 contracts across both private and government sectors, this company is a leader in the transportation industry. The current owner expects an enterprise value of $16 million, this takes into consideration that he owes $6 million in capital leases, which he expects new ownership to assume going forward. The true after debt cash flow of this business is $3 million per year.
Real Estate
Rent is $9,000 per month
Building Size: 7800 sq. ft.
Inventory
$2mIncluded in Asking Price
Number of EmployeesFull-Time: 69
Year Established
1997
Reason Selling
Retirement
Support & Training
Owner will help train for 3 months.
Market & Competition
Larger companies such as Charter USA.
Growth Opportunities
A lot of opportunity for growth. FlixBus is one company that one could target to grow their business.
Financing Options
Seller financing is available.Up to $1 million at 0% interest to be paid back over 3 years.
Asking Price$10m