Tupelo Data Room
Limo & Passenger Transportation
Active

Established Private Transportation Service in Middle / East Tennessee

Tennessee, United States
Asking Price$189k
Revenue$217k
EBITDA-
Cash Flow$81k
Description
An established and profitable private transportation service based in Middle/East TN that specializes in airport and medical appointment shuttle services. They are located in a retirement community and within close proximity to a sizable town. Their stellar reputation (5 Star Google Rating) is due to their guaranteed on-time arrivals and flexible schedule. There is an opportunity for growth with strategic social media marketing and involvement in the local community. For additional information, please reach out.
Real Estate
Rent is $60 per month
Furniture Fixtures & Equipment
$23k
Business is
Absentee Owner
Number of EmployeesContractors: 10
Year Established
2003
Reason Selling
Other Interest
Support & Training
2 weeks
Market & Competition
There is very little competition in our local market for ride services. A few individuals offer rides but are not official businesses with commercial insurance or the necessary licenses. Since they operate solo, they can only fulfill one trip at a time. Additionally, ride share services are not direct competitors because they are only sometimes available in our area, are more expensive, and do not accept advance reservations.
Growth Opportunities
The owner would recommend investing more in social media advertising and outreach to help the business grow. Additionally, getting involved in the local community could be beneficial. As an absentee owner, they currently do not engage locally but considering that they are located in a retirement area with a sizable town nearby, there are many opportunities for community involvement.
Asking Price$189k